683 Capital Management LLC Reduces Position in Silvercorp Metals Inc. $SVM

683 Capital Management LLC lessened its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after selling 125,000 shares during the period. 683 Capital Management LLC owned 0.09% of Silvercorp Metals worth $1,668,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Silvercorp Metals by 163.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock valued at $40,000 after acquiring an additional 3,929 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Silvercorp Metals in the fourth quarter valued at about $61,000. TD Waterhouse Canada Inc. grew its holdings in shares of Silvercorp Metals by 22.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after purchasing an additional 1,374 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Silvercorp Metals in the third quarter valued at about $57,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Silvercorp Metals in the third quarter valued at about $67,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Trading Down 6.0%

Shares of SVM stock opened at $11.88 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.58 and a quick ratio of 3.50. The firm has a market cap of $2.63 billion, a PE ratio of -296.93 and a beta of 1.08. The company has a 50-day moving average of $12.32 and a two-hundred day moving average of $11.00. Silvercorp Metals Inc. has a 1-year low of $3.96 and a 1-year high of $15.77.

Silvercorp Metals Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, June 25th. Shareholders 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 (DPR) is 8.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Roth Mkm raised shares of Silvercorp Metals from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.25 to $13.75 in a report on Monday. Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.63.

Silvercorp Metals Company 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.