U S Global Investors Inc. Buys 367,663 Shares of Silvercorp Metals Inc. $SVM

U S Global Investors Inc. boosted its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 147.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 617,663 shares of the company’s stock after buying an additional 367,663 shares during the quarter. U S Global Investors Inc.’s holdings in Silvercorp Metals were worth $6,634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SVM. Channing Global Advisors LLC bought a new stake in shares of Silvercorp Metals during the 1st quarter worth approximately $1,060,000. Leonteq Securities AG bought a new position in shares of Silvercorp Metals in the first quarter valued at $79,000. Banque Cantonale Vaudoise bought a new position in shares of Silvercorp Metals in the first quarter valued at $69,000. Brady Martz Wealth Solutions LLC increased its holdings in Silvercorp Metals by 46.7% during the first quarter. Brady Martz Wealth Solutions LLC now owns 16,715 shares of the company’s stock worth $180,000 after buying an additional 5,319 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Silvercorp Metals during the fourth quarter worth $86,000. 22.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on SVM shares. Zacks Research upgraded shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. Jefferies Financial Group upgraded shares of Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Finally, Roth Capital cut their target price on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $10.50.

Silvercorp Metals Stock Performance

SVM stock traded down $0.07 during midday trading on Friday, reaching $9.52. 1,439,752 shares of the company were exchanged, compared to its average volume of 3,856,472. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.58 and a quick ratio of 3.50. The business has a 50-day moving average price of $11.74 and a two-hundred day moving average price of $11.24. Silvercorp Metals Inc. has a one year low of $4.26 and a one year high of $15.77. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -237.94 and a beta of 1.13.

Silvercorp Metals Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 25th. Stockholders of record on Friday, June 5th were paid a dividend of $0.0125 per share. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, June 5th. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Silvercorp Metals Profile

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.