Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Acquired by Centiva Capital LP

Centiva Capital LP increased its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 94.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,175 shares of the company’s stock after purchasing an additional 68,581 shares during the period. Centiva Capital LP owned approximately 0.07% of Silvercorp Metals worth $617,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Silvercorp Metals in the third quarter valued at about $32,000. First Heartland Consultants Inc. acquired a new stake in shares of Silvercorp Metals during the 2nd quarter valued at approximately $34,000. International Assets Investment Management LLC purchased a new stake in shares of Silvercorp Metals during the 3rd quarter worth approximately $46,000. Finally, Toronto Dominion Bank grew its holdings in shares of Silvercorp Metals by 56.3% in the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after acquiring an additional 5,435 shares during the period. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

Shares of SVM opened at $3.14 on Friday. Silvercorp Metals Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $5.32. The firm has a market capitalization of $683.14 million, a price-to-earnings ratio of 10.47 and a beta of 1.20.

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

Silvercorp Metals Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals’s dividend payout ratio is presently 10.00%.

Analysts Set New Price Targets

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

Silvercorp Metals Company 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.