Plato Investment Management Ltd Invests $104,000 in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Plato Investment Management Ltd bought a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,974 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SVM. Aigen Investment Management LP bought a new stake in Silvercorp Metals in the 3rd quarter valued at $113,000. Capital Performance Advisors LLP bought a new stake in shares of Silvercorp Metals in the third quarter valued at about $32,000. Van ECK Associates Corp grew its position in Silvercorp Metals by 153.8% during the third quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock worth $105,689,000 after buying an additional 13,399,851 shares in the last quarter. International Assets Investment Management LLC bought a new position in Silvercorp Metals during the third quarter valued at about $46,000. Finally, Signaturefd LLC raised its holdings in Silvercorp Metals by 54.7% in the 3rd quarter. Signaturefd LLC now owns 13,112 shares of the company’s stock valued at $57,000 after acquiring an additional 4,635 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their price objective on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a report on Wednesday, August 21st.

Silvercorp Metals Stock Performance

Shares of Silvercorp Metals stock opened at $3.90 on Friday. Silvercorp Metals Inc. has a 52-week low of $2.22 and a 52-week high of $5.32. The firm has a market capitalization of $846.03 million, a price-to-earnings ratio of 13.00 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $68.00 million during the quarter, compared to analyst estimates of $67.90 million. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. Analysts expect that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.0125 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 29th. Silvercorp Metals’s payout ratio is 10.00%.

Silvercorp Metals Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.