Global X MANAGEMENT CO LLC Acquires 156,888 Shares of Silvercorp Metals Inc (SVM)

Global X MANAGEMENT CO LLC lifted its holdings in shares of Silvercorp Metals Inc (NYSE:SVM) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,072,512 shares of the company’s stock after acquiring an additional 156,888 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Silvercorp Metals were worth $5,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in shares of Silvercorp Metals by 18.8% during the 3rd quarter. American Century Companies Inc. now owns 584,900 shares of the company’s stock valued at $1,584,000 after acquiring an additional 92,400 shares in the last quarter. ARP Americas LLC grew its position in shares of Silvercorp Metals by 50.9% during the 3rd quarter. ARP Americas LLC now owns 69,400 shares of the company’s stock valued at $188,000 after buying an additional 23,400 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Silvercorp Metals by 1,233.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 85,900 shares of the company’s stock valued at $232,000 after buying an additional 79,459 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Silvercorp Metals during the 2nd quarter valued at about $141,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Silvercorp Metals during the 2nd quarter valued at about $142,000.

A number of equities research analysts recently weighed in on the stock. Roth Capital began coverage on shares of Silvercorp Metals in a research report on Tuesday, August 29th. They set a “buy” rating and a $3.50 price objective for the company. TheStreet cut shares of Silvercorp Metals from a “b-” rating to a “c” rating in a research report on Tuesday, August 22nd.

Shares of Silvercorp Metals Inc (NYSE:SVM) traded up $0.02 during trading hours on Monday, hitting $2.49. 48,418 shares of the company traded hands, compared to its average volume of 253,749. Silvercorp Metals Inc has a fifty-two week low of $2.07 and a fifty-two week high of $4.50.

The company also recently announced a semiannual dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, November 27th. This is a positive change from Silvercorp Metals’s previous semiannual dividend of $0.01. This represents a yield of 0.81%.

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About Silvercorp Metals

Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.

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Institutional Ownership by Quarter for Silvercorp Metals (NYSE:SVM)

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