Auxano Advisors LLC purchased a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 140,000 shares of the company's stock, valued at approximately $1,414,000. Auxano Advisors LLC owned approximately 0.06% of Silvercorp Metals at the end of the most recent quarter.

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Several other large investors have also bought and sold shares of the business. U S Global Investors Inc. grew its stake in shares of Silvercorp Metals by 147.1% in the first quarter. U S Global Investors Inc. now owns 617,663 shares of the company's stock worth $6,634,000 after purchasing an additional 367,663 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Silvercorp Metals by 349.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 146,793 shares of the company's stock valued at $1,229,000 after purchasing an additional 114,128 shares in the last quarter. Renaissance Technologies LLC raised its stake in Silvercorp Metals by 14.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company's stock worth $30,205,000 after buying an additional 348,000 shares during the period. CIBC Asset Management Inc bought a new stake in Silvercorp Metals during the 4th quarter valued at $1,687,000. Finally, Channing Global Advisors LLC bought a new stake in shares of Silvercorp Metals during the first quarter worth about $1,060,000. 22.30% of the stock is owned by institutional investors and hedge funds.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN SVM opened at $11.92 on Tuesday. Silvercorp Metals Inc. has a 1 year low of $4.29 and a 1 year high of $15.77. The stock has a market capitalization of $2.64 billion, a P/E ratio of 99.34 and a beta of 1.15. The company's 50-day moving average is $10.39 and its 200 day moving average is $11.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $138.67 million during the quarter, compared to analyst estimates of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same quarter last year, the firm posted $0.08 earnings per share. On average, sell-side analysts expect that Silvercorp Metals Inc. will post 0.66 earnings per share for the current year.

Silvercorp Metals Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 25th. Stockholders of record on Friday, June 5th were paid a $0.0125 dividend. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, June 5th. Silvercorp Metals's dividend payout ratio is currently 8.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SVM. Zacks Research downgraded shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Roth Capital reissued a "buy" rating and set a $14.00 price objective (up from $13.50) on shares of Silvercorp Metals in a report on Wednesday, August 12th. Finally, Jefferies Financial Group raised Silvercorp Metals to a "buy" rating in a research note on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $10.75.

Check Out Our Latest Research Report on SVM

Silvercorp Metals Profile

(Free Report)

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company's core operations are located in the provinces of Henan and Guangxi in the People's Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company's principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.

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