Vontobel Holding Ltd. Buys 168,567 Shares of Silvercorp Metals Inc. $SVM

Vontobel Holding Ltd. boosted its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 84.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 368,567 shares of the company’s stock after buying an additional 168,567 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.17% of Silvercorp Metals worth $2,325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Silvercorp Metals by 419.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company’s stock worth $31,000 after acquiring an additional 5,839 shares in the last quarter. Ballentine Partners LLC bought a new stake in Silvercorp Metals in the 2nd quarter worth about $50,000. Campbell & CO Investment Adviser LLC bought a new stake in Silvercorp Metals in the 2nd quarter worth about $73,000. Quarry LP purchased a new stake in Silvercorp Metals in the 1st quarter valued at about $82,000. Finally, NewEdge Advisors LLC bought a new position in shares of Silvercorp Metals during the 1st quarter worth approximately $97,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SVM shares. Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, October 10th. Roth Capital raised their target price on Silvercorp Metals to $9.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, Cantor Fitzgerald set a $7.50 target price on Silvercorp Metals and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.25.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN SVM opened at $8.90 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $7.30 and a two-hundred day simple moving average of $5.84. Silvercorp Metals Inc. has a 1-year low of $2.88 and a 1-year high of $9.17. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 74.17 and a beta of 1.00.

Silvercorp Metals Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 32.0%. Silvercorp Metals’s dividend payout ratio is 8.33%.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.