Northwest & Ethical Investments L.P. Acquires New Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Northwest & Ethical Investments L.P. bought a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 203,579 shares of the company’s stock, valued at approximately $887,000. Northwest & Ethical Investments L.P. owned approximately 0.09% of Silvercorp Metals at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in Silvercorp Metals by 563.7% in the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock valued at $29,000 after buying an additional 5,626 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Silvercorp Metals during the third quarter valued at $32,000. First Heartland Consultants Inc. bought a new stake in shares of Silvercorp Metals in the second quarter worth $34,000. International Assets Investment Management LLC acquired a new stake in Silvercorp Metals in the third quarter valued at $46,000. Finally, Toronto Dominion Bank raised its position in Silvercorp Metals by 56.3% during the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after purchasing an additional 5,435 shares during the last quarter. Institutional investors own 22.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their price objective on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a research note on Wednesday, August 21st.

Silvercorp Metals Price Performance

Shares of SVM stock opened at $3.29 on Friday. Silvercorp Metals Inc. has a 12 month low of $2.22 and a 12 month high of $5.32. The firm has a market cap of $715.77 million, a price-to-earnings ratio of 10.97 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The company had revenue of $68.00 million during the quarter, compared to the consensus estimate of $67.90 million. Analysts forecast that Silvercorp Metals Inc. will post 0.34 EPS for the current year.

Silvercorp Metals Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, November 29th. Silvercorp Metals’s payout ratio is 10.00%.

Silvercorp Metals Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.