National Bank of Canada FI Raises Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

National Bank of Canada FI grew its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 5,059.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 399,835 shares of the company's stock after acquiring an additional 392,085 shares during the period. National Bank of Canada FI owned about 0.18% of Silvercorp Metals worth $1,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in Silvercorp Metals by 153.8% in the 3rd quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company's stock worth $105,689,000 after purchasing an additional 13,399,851 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Silvercorp Metals by 2.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company's stock worth $23,369,000 after acquiring an additional 115,300 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Silvercorp Metals by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company's stock worth $15,577,000 after acquiring an additional 110,200 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Silvercorp Metals by 1,218.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company's stock valued at $4,520,000 after acquiring an additional 1,252,174 shares during the period. Finally, American Century Companies Inc. raised its holdings in Silvercorp Metals by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,125,635 shares of the company's stock worth $3,768,000 after purchasing an additional 9,300 shares during the period. Institutional investors and hedge funds own 22.30% of the company's stock.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their target price on shares of 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 Trading Down 2.9 %

Silvercorp Metals stock traded down $0.09 during midday trading on Friday, hitting $3.05. 2,488,615 shares of the stock were exchanged, compared to its average volume of 2,300,702. Silvercorp Metals Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $5.32. The stock has a market cap of $663.56 million, a P/E ratio of 10.17 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its 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 company 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%. As a group, analysts forecast that Silvercorp Metals Inc. will post 0.34 EPS for the current year.

Silvercorp Metals Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.0125 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals's dividend 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.