U S Global Investors Inc. Purchases Shares of 68,120 Silvercorp Metals Inc (SVM)
U S Global Investors Inc. purchased a new stake in Silvercorp Metals Inc (NYSEAMERICAN:SVM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 68,120 shares of the company’s stock, valued at approximately $182,000.
Other institutional investors have also recently bought and sold shares of the company. Virtu KCG Holdings LLC purchased a new position in shares of Silvercorp Metals during the 2nd quarter worth approximately $125,000. Cubist Systematic Strategies LLC purchased a new position in shares of Silvercorp Metals during the 2nd quarter worth approximately $141,000. BlueCrest Capital Management Ltd purchased a new position in shares of Silvercorp Metals during the 2nd quarter worth approximately $142,000. UBS Asset Management Americas Inc. purchased a new position in shares of Silvercorp Metals during the 2nd quarter worth approximately $158,000. Finally, ARP Americas LLC boosted its position in shares of Silvercorp Metals by 50.9% during the 3rd quarter. ARP Americas LLC now owns 69,400 shares of the company’s stock worth $188,000 after purchasing an additional 23,400 shares during the period.
A number of equities analysts recently weighed in on SVM shares. Zacks Investment Research cut shares of Silvercorp Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Roth Capital assumed coverage on shares of Silvercorp Metals in a report on Tuesday, August 29th. They set a “buy” rating and a $3.50 target price on the stock. ValuEngine upgraded shares of Silvercorp Metals from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, TheStreet lowered shares of Silvercorp Metals from a “b-” rating to a “c” rating in a report on Tuesday, August 22nd.
The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, November 27th. Silvercorp Metals’s dividend payout ratio (DPR) is presently -3.28%.
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About Silvercorp Metals
Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.
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