Alps Advisors Inc. Buys 1,214,356 Shares of Silvercorp Metals Inc. $SVM

Alps Advisors Inc. raised its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 47.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,767,118 shares of the company’s stock after buying an additional 1,214,356 shares during the period. Alps Advisors Inc.’s holdings in Silvercorp Metals were worth $31,418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of Silvercorp Metals by 18.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after buying an additional 1,170 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Silvercorp Metals by 22.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after buying an additional 1,374 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of Silvercorp Metals by 25.6% in the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock valued at $120,000 after buying an additional 2,948 shares during the last quarter. Sprott Inc. grew its position in shares of Silvercorp Metals by 0.4% in the 3rd quarter. Sprott Inc. now owns 1,301,082 shares of the company’s stock valued at $8,212,000 after buying an additional 4,732 shares during the last quarter. Finally, Tradition Wealth Management LLC grew its position in shares of Silvercorp Metals by 29.2% in the 4th quarter. Tradition Wealth Management LLC now owns 22,546 shares of the company’s stock valued at $188,000 after buying an additional 5,100 shares during the last quarter. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Up 9.8%

SVM stock opened at $10.51 on Friday. The stock’s 50 day simple moving average is $12.25 and its 200 day simple moving average is $10.86. Silvercorp Metals Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $15.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.50 and a current ratio of 3.58. The company has a market cap of $2.32 billion, a P/E ratio of -262.68 and a beta of 1.08.

Silvercorp Metals Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, June 5th will be paid a dividend of $0.0125 per share. This represents a yield of 23.0%. The ex-dividend date of this dividend is Friday, June 5th. Silvercorp Metals’s dividend payout ratio is 8.33%.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “neutral” rating and issued a $13.25 price target on shares of Silvercorp Metals in a research report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Silvercorp Metals has a consensus rating of “Moderate Buy” and an average price target of $10.38.

Silvercorp Metals Profile

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.