Channing Global Advisors LLC Purchases New Stake in Silvercorp Metals Inc. $SVM

Channing Global Advisors LLC purchased a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 98,720 shares of the company’s stock, valued at approximately $1,060,000. Silvercorp Metals makes up approximately 0.6% of Channing Global Advisors LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Silvercorp Metals by 18.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after purchasing an additional 1,170 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Silvercorp Metals by 22.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock worth $62,000 after purchasing an additional 1,374 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in Silvercorp Metals by 25.6% during the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock worth $120,000 after purchasing an additional 2,948 shares during the last quarter. DGS Capital Management LLC raised its position in shares of Silvercorp Metals by 14.6% in the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after purchasing an additional 3,301 shares in the last quarter. Finally, Tradition Wealth Management LLC raised 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 purchasing an additional 5,100 shares in the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at $9.59 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.58 and a quick ratio of 3.50. Silvercorp Metals Inc. has a 12 month low of $4.26 and a 12 month high of $15.77. The company has a fifty day moving average price of $11.78 and a two-hundred day moving average price of $11.25. The company has a market cap of $2.12 billion, a PE ratio of -239.69 and a beta of 1.13.

Silvercorp Metals Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on SVM. Zacks Research raised shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a report on Monday, June 15th. Finally, Roth Capital reduced their price objective on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, Silvercorp Metals presently has a consensus rating of “Buy” and an average price target of $10.50.

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.