BNP Paribas Financial Markets Purchases 38,808 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

BNP Paribas Financial Markets boosted its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 1,289.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,817 shares of the company’s stock after buying an additional 38,808 shares during the quarter. BNP Paribas Financial Markets’ holdings in Silvercorp Metals were worth $183,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Silvercorp Metals by 153.8% during the third quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock worth $105,689,000 after acquiring an additional 13,399,851 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Silvercorp Metals by 1,218.7% in 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. TD Asset Management Inc bought a new stake in shares of Silvercorp Metals during the second quarter worth $568,000. Quantbot Technologies LP bought a new stake in shares of Silvercorp Metals in the third quarter valued at about $682,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Silvercorp Metals by 2.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company’s stock worth $23,369,000 after acquiring an additional 115,300 shares during the last quarter. Institutional investors own 22.30% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm dropped their target price on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a report on Wednesday, August 21st.

Silvercorp Metals Trading Up 1.2 %

Shares of NYSEAMERICAN SVM opened at $3.06 on Wednesday. Silvercorp Metals Inc. has a one year low of $2.22 and a one year high of $5.32. The firm has a market capitalization of $664.65 million, a price-to-earnings ratio of 10.18 and a beta of 1.20.

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

Silvercorp Metals Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.0125 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.6%. 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.