Franklin Resources Inc. Invests $860,000 in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Franklin Resources Inc. purchased a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 196,866 shares of the company's stock, valued at approximately $860,000. Franklin Resources Inc. owned approximately 0.09% of Silvercorp Metals at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Silvercorp Metals by 563.7% during the third quarter. Blue Trust Inc. now owns 6,624 shares of the company's stock worth $29,000 after buying an additional 5,626 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Silvercorp Metals in the 3rd quarter valued at about $32,000. International Assets Investment Management LLC acquired a new position in shares of Silvercorp Metals during the 3rd quarter worth about $46,000. Zacks Investment Management bought a new stake in shares of Silvercorp Metals in the 3rd quarter valued at about $46,000. Finally, Toronto Dominion Bank lifted its stake in Silvercorp Metals by 56.3% in the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company's stock valued at $51,000 after purchasing an additional 5,435 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Trading Down 3.0 %

SVM traded down $0.09 during trading hours on Monday, reaching $2.91. The company's stock had a trading volume of 3,827,281 shares, compared to its average volume of 2,334,391. Silvercorp Metals Inc. has a 52 week low of $2.22 and a 52 week high of $5.32. The stock has a market cap of $633.10 million, a PE ratio of 9.70 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $68.00 million for the quarter, compared to analyst estimates of $67.90 million. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. Equities analysts forecast 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 was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.0125 dividend. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals's payout ratio is presently 10.00%.

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.