Plato Investment Management Ltd Makes New $104,000 Investment in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Plato Investment Management Ltd purchased a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,974 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SVM. Blue Trust Inc. boosted its stake in Silvercorp Metals by 563.7% during 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 bought a new position in Silvercorp Metals during the third quarter valued at about $32,000. First Heartland Consultants Inc. acquired a new position in Silvercorp Metals during the second quarter worth about $34,000. International Assets Investment Management LLC acquired a new position in Silvercorp Metals during the third quarter worth about $46,000. Finally, Signaturefd LLC raised its position in Silvercorp Metals by 54.7% in the third quarter. Signaturefd LLC now owns 13,112 shares of the company’s stock worth $57,000 after acquiring an additional 4,635 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Stock Down 2.0 %

SVM stock opened at $3.90 on Friday. Silvercorp Metals Inc. has a 52 week low of $2.22 and a 52 week high of $5.32. The company has a market cap of $846.03 million, a P/E ratio of 13.00 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The firm had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $67.90 million. As a group, analysts anticipate that Silvercorp Metals Inc. will post 0.34 earnings per share 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. Shareholders of record on Friday, November 29th will be given a dividend of $0.0125 per share. This represents a yield of 0.6%. The ex-dividend date is Friday, November 29th. Silvercorp Metals’s payout ratio is 10.00%.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price objective on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company 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.