Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 75.3% in the 3rd quarter, according to the company in its most recent Form 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.’s holdings in Silvercorp Metals were worth $2,701,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. grew its stake 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 valued at $29,000 after buying an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Silvercorp Metals during the 3rd quarter valued at about $32,000. International Assets Investment Management LLC acquired a new position in Silvercorp Metals in the 3rd quarter valued at about $46,000. Zacks Investment Management purchased a new stake in Silvercorp Metals during the third quarter worth about $46,000. Finally, Toronto Dominion Bank lifted its position in shares of Silvercorp Metals by 56.3% during the second quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after purchasing an additional 5,435 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Stock Up 0.7 %

NYSEAMERICAN SVM opened at $3.08 on Tuesday. Silvercorp Metals Inc. has a one year low of $2.22 and a one year high of $5.32. The company has a market capitalization of $670.52 million, a PE ratio of 10.27 and a beta of 1.20.

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

Silvercorp Metals Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.0125 dividend. This represents a yield of 0.6%. The ex-dividend date was Friday, November 29th. Silvercorp Metals’s dividend payout ratio is currently 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.