DGS Capital Management LLC Purchases 21,514 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

DGS Capital Management LLC raised its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 123.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 38,980 shares of the company’s stock after purchasing an additional 21,514 shares during the quarter. DGS Capital Management LLC’s holdings in Silvercorp Metals were worth $170,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SVM. Blue Trust Inc. grew its holdings in shares of Silvercorp Metals by 563.7% during the third quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after purchasing an additional 5,626 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Silvercorp Metals during the 3rd quarter worth about $32,000. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals in the 2nd quarter valued at about $34,000. Zacks Investment Management bought a new position in shares of Silvercorp Metals in the third quarter worth about $46,000. Finally, International Assets Investment Management LLC bought a new position in shares of Silvercorp Metals in the third quarter worth about $46,000. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Stock Down 2.9 %

SVM stock opened at $3.05 on Friday. Silvercorp Metals Inc. has a twelve month low of $2.22 and a twelve month high of $5.32. The firm has a market cap of $663.56 million, a PE ratio of 10.17 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The firm had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $67.90 million. On average, equities research analysts predict that Silvercorp Metals Inc. will post 0.34 earnings per share for the current fiscal year.

Silvercorp Metals Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.0125 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals’s dividend payout ratio is currently 10.00%.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a report on Wednesday, August 21st.

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.