Franklin Resources Inc. Acquires Shares of 196,866 Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Franklin Resources Inc. bought a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the third quarter, Holdings Channel.com reports. The firm bought 196,866 shares of the company’s stock, valued at approximately $860,000.

A number of other hedge funds have also bought and sold shares of the business. Van ECK Associates Corp increased its stake in shares of Silvercorp Metals by 153.8% during the 3rd quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock worth $105,689,000 after purchasing an additional 13,399,851 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Silvercorp Metals by 1,218.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock valued at $4,520,000 after purchasing an additional 1,252,174 shares during the period. National Bank of Canada FI lifted its holdings in Silvercorp Metals by 5,059.2% during the 3rd quarter. National Bank of Canada FI now owns 399,835 shares of the company’s stock worth $1,747,000 after purchasing an additional 392,085 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Silvercorp Metals in the 3rd quarter worth about $887,000. Finally, XTX Topco Ltd grew its holdings in Silvercorp Metals by 1,092.1% during the 3rd quarter. XTX Topco Ltd now owns 216,511 shares of the company’s stock valued at $946,000 after buying an additional 198,349 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Stock Performance

NYSEAMERICAN SVM opened at $3.00 on Monday. Silvercorp Metals Inc. has a 1 year low of $2.22 and a 1 year high of $5.32. The company has a market capitalization of $652.68 million, a price-to-earnings ratio of 10.00 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The business had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $67.90 million. As a group, research analysts forecast that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals’s dividend 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.