Stonehage Fleming Financial Services Holdings Ltd Purchases 36,230 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Stonehage Fleming Financial Services Holdings Ltd lifted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 79.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,730 shares of the company’s stock after purchasing an additional 36,230 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Silvercorp Metals were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $3.12 on Monday. Silvercorp Metals Inc. has a 1-year low of $2.22 and a 1-year high of $5.32. The company has a market cap of $679.29 million, a price-to-earnings ratio of 10.69 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its earnings results 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 firm had revenue of $68.00 million during the quarter, compared to analyst estimates of $67.90 million. As a group, research analysts forecast that Silvercorp Metals Inc. will post 0.36 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Shareholders 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 yield of 0.6%. Silvercorp Metals’s dividend payout ratio (DPR) is presently 10.00%.

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.