Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Up 7.5% – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price rose 7.5% on Friday . The stock traded as high as $11.36 and last traded at $11.2950. Approximately 2,711,487 shares were traded during trading, a decline of 47% from the average daily volume of 5,129,813 shares. The stock had previously closed at $10.51.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “neutral” rating and set a $13.25 price objective on shares of Silvercorp Metals in a report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.38.

Silvercorp Metals Trading Up 7.5%

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 company has a market capitalization of $2.50 billion, a P/E ratio of -282.43 and a beta of 1.08. The business has a 50 day moving average price of $12.25 and a 200 day moving average price of $10.87.

Silvercorp Metals Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, June 5th will be paid a $0.0125 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a dividend yield of 23.0%. Silvercorp Metals’s dividend payout ratio is 8.33%.

Institutional Trading of Silvercorp Metals

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 1,170 shares during the last quarter. Parvin Asset Management LLC increased its stake in shares of Silvercorp Metals by 0.6% in the 1st quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock valued at $2,204,000 after acquiring an additional 1,175 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Silvercorp Metals by 22.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after acquiring an additional 1,374 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of Silvercorp Metals by 25.6% in the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock valued at $120,000 after purchasing an additional 2,948 shares during the period. Finally, DGS Capital Management LLC grew its position in shares of Silvercorp Metals by 14.6% in the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after purchasing an additional 3,301 shares during the period. 22.30% of the stock is owned by institutional investors.

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.