CIBC Asset Management Inc Invests $1.69 Million in Silvercorp Metals Inc. $SVM

CIBC Asset Management Inc acquired a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 201,531 shares of the company’s stock, valued at approximately $1,687,000. CIBC Asset Management Inc owned about 0.09% of Silvercorp Metals as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Silvercorp Metals by 11.6% in the 4th quarter. Geode Capital Management LLC now owns 149,818 shares of the company’s stock valued at $1,279,000 after purchasing an additional 15,549 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Silvercorp Metals in the 4th quarter valued at $61,000. Themes Management Co LLC acquired a new stake in Silvercorp Metals in the 4th quarter valued at $245,000. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 1,170 shares in the last quarter. Finally, Auxano Advisors LLC acquired a new stake in Silvercorp Metals in the 4th quarter valued at $2,335,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Stock Up 0.2%

Shares of NYSEAMERICAN SVM opened at $10.66 on Tuesday. Silvercorp Metals Inc. has a 12-month low of $3.96 and a 12-month high of $15.77. The company has a market cap of $2.36 billion, a P/E ratio of -266.43 and a beta of 1.08. The company has a current ratio of 3.58, a quick ratio of 3.50 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $12.26 and a 200 day moving average price of $10.79.

Silvercorp Metals Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 25th. Shareholders of record on Friday, June 5th will be given a $0.0125 dividend. 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 presently 8.33%.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “neutral” rating and issued a $13.25 price target on shares of Silvercorp Metals in a report on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.

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.