Northwest & Ethical Investments L.P. Makes New $887,000 Investment in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Northwest & Ethical Investments L.P. acquired a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 203,579 shares of the company's stock, valued at approximately $887,000. Northwest & Ethical Investments L.P. owned 0.09% of Silvercorp Metals as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SVM. Blue Trust Inc. raised its holdings in Silvercorp Metals by 563.7% in the third quarter. Blue Trust Inc. now owns 6,624 shares of the company's stock worth $29,000 after purchasing an additional 5,626 shares during the period. Capital Performance Advisors LLP acquired a new stake in Silvercorp Metals during the 3rd quarter worth $32,000. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals during the 2nd quarter worth $34,000. International Assets Investment Management LLC bought a new position in Silvercorp Metals during the third quarter worth about $46,000. Finally, Signaturefd LLC grew its stake in Silvercorp Metals by 54.7% in the third quarter. Signaturefd LLC now owns 13,112 shares of the company's stock valued at $57,000 after acquiring an additional 4,635 shares during the period. Institutional investors own 22.30% of the company's stock.

Silvercorp Metals Stock Up 1.3 %

SVM stock traded up $0.04 during mid-day trading on Friday, reaching $3.29. The company had a trading volume of 2,831,842 shares, compared to its average volume of 2,271,943. The company has a market cap of $715.77 million, a price-to-earnings ratio of 10.97 and a beta of 1.33. Silvercorp Metals Inc. has a 52 week low of $2.22 and a 52 week high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The firm had revenue of $68.00 million for the quarter, compared to analyst estimates of $67.90 million. On average, equities research analysts anticipate that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.0125 dividend. This represents a yield of 0.6%. The ex-dividend date is Friday, November 29th. Silvercorp Metals's dividend payout ratio (DPR) is presently 10.00%.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a "buy" rating on the stock in a research note on Wednesday, August 21st.

Silvercorp Metals 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.