JPMorgan Chase & Co. Purchases 265,387 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

JPMorgan Chase & Co. lifted its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 75.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 618,015 shares of the company's stock after buying an additional 265,387 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Silvercorp Metals worth $2,701,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. DGS Capital Management LLC boosted its holdings in Silvercorp Metals by 123.2% in the third quarter. DGS Capital Management LLC now owns 38,980 shares of the company's stock worth $170,000 after acquiring an additional 21,514 shares in the last quarter. Franklin Resources Inc. bought a new position in Silvercorp Metals in the 3rd quarter worth about $860,000. Tidal Investments LLC grew its position in Silvercorp Metals by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 6,412,871 shares of the company's stock valued at $28,024,000 after purchasing an additional 133,231 shares during the last quarter. Virtu Financial LLC increased its stake in Silvercorp Metals by 21.1% during the 3rd quarter. Virtu Financial LLC now owns 54,233 shares of the company's stock valued at $237,000 after purchasing an additional 9,465 shares in the last quarter. Finally, Barclays PLC raised its holdings in Silvercorp Metals by 2,712.3% in the third quarter. Barclays PLC now owns 44,997 shares of the company's stock worth $197,000 after buying an additional 43,397 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Stock Performance

NYSEAMERICAN SVM traded up $0.09 during trading hours on Tuesday, hitting $3.17. The company's stock had a trading volume of 5,435,098 shares, compared to its average volume of 3,622,208. Silvercorp Metals Inc. has a 12 month low of $2.22 and a 12 month high of $5.32. The company has a market capitalization of $690.17 million, a price-to-earnings ratio of 10.57 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The company had revenue of $68.00 million for the quarter, compared to the consensus estimate of $67.90 million. On average, equities analysts predict that Silvercorp Metals Inc. will post 0.36 earnings per share for the current fiscal year.

Silvercorp Metals Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.0125 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, November 29th. Silvercorp Metals's payout ratio is 10.00%.

About Silvercorp Metals

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.