Sigma Planning Corp Acquires New Holdings in Silvercorp Metals Inc. $SVM

Sigma Planning Corp purchased a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 84,150 shares of the company’s stock, valued at approximately $904,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Silvercorp Metals by 18.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock worth $63,000 after acquiring an additional 1,170 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Silvercorp Metals by 22.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after acquiring an additional 1,374 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in Silvercorp Metals by 25.6% in the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock worth $120,000 after purchasing an additional 2,948 shares during the period. DGS Capital Management LLC boosted its position in shares of Silvercorp Metals by 14.6% during the fourth quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock worth $216,000 after acquiring an additional 3,301 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its holdings in shares of Silvercorp Metals by 29.2% during the 4th quarter. Tradition Wealth Management LLC now owns 22,546 shares of the company’s stock valued at $188,000 after purchasing an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $8.92 on Friday. Silvercorp Metals Inc. has a 12-month low of $4.26 and a 12-month high of $15.77. The firm’s fifty day simple moving average is $11.38 and its two-hundred day simple moving average is $11.25. The company has a current ratio of 3.58, a quick ratio of 3.50 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.97 billion, a P/E ratio of -222.94 and a beta of 1.13.

Silvercorp Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SVM shares. Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th. Zacks Research raised Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. Finally, Roth Capital cut their price target on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating on the stock in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $10.50.

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.