Silvercorp Metals Inc. $SVM Shares Sold by Fiscal Wisdom Wealth Management LLC

Fiscal Wisdom Wealth Management LLC lessened its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 34.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,589 shares of the company’s stock after selling 93,784 shares during the period. Silvercorp Metals comprises 1.8% of Fiscal Wisdom Wealth Management LLC’s portfolio, making the stock its 7th largest position. Fiscal Wisdom Wealth Management LLC owned 0.08% of Silvercorp Metals worth $1,875,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Royal Bank of Canada grew its position in shares of Silvercorp Metals by 31.6% during the 1st quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock valued at $1,720,000 after buying an additional 106,813 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Silvercorp Metals during the 1st quarter worth approximately $97,000. Goldman Sachs Group Inc. boosted its position in Silvercorp Metals by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock valued at $3,273,000 after purchasing an additional 28,803 shares during the period. Jane Street Group LLC grew its stake in Silvercorp Metals by 91.4% during the 1st quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock worth $396,000 after buying an additional 48,854 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Silvercorp Metals by 5.7% in the second quarter. Geode Capital Management LLC now owns 123,058 shares of the company’s stock worth $519,000 after buying an additional 6,637 shares during the period. 22.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SVM shares. Zacks Research upgraded shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, June 19th. Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th. Finally, Roth Capital decreased their target price on Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, Silvercorp Metals has a consensus rating of “Buy” and an average price target of $10.50.

Silvercorp Metals Price Performance

NYSEAMERICAN:SVM opened at $8.82 on Friday. 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 50-day moving average of $11.47 and a 200-day moving average of $11.27. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -220.44 and a beta of 1.13. Silvercorp Metals Inc. has a 52 week low of $4.26 and a 52 week high of $15.77.

Silvercorp Metals Dividend Announcement

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

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.