Silvercorp Metals (NYSEAMERICAN:SVM) Trading 3.4% Higher – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares shot up 3.4% on Friday . The stock traded as high as $8.88 and last traded at $8.8840. 3,456,106 shares traded hands during trading, a decline of 42% from the average session volume of 5,943,643 shares. The stock had previously closed at $8.59.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SVM. Roth Capital raised their price target on shares of Silvercorp Metals to $9.00 and gave the company a “buy” rating in a report on Monday, December 15th. Cantor Fitzgerald set a $7.50 target price on Silvercorp Metals and gave the company an “overweight” rating in a report on Monday, September 22nd. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

Silvercorp Metals Trading Up 3.3%

The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.96 billion, a P/E ratio of 73.96 and a beta of 1.00. The business’s fifty day simple moving average is $7.26 and its two-hundred day simple moving average is $5.81.

Silvercorp Metals Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.0125 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 32.0%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC raised its position in shares of Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after acquiring an additional 2,138,301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Silvercorp Metals by 38.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock valued at $57,665,000 after purchasing an additional 2,534,155 shares during the period. Alps Advisors Inc. raised its holdings in shares of Silvercorp Metals by 111.9% during the third quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company’s stock worth $16,133,000 after acquiring an additional 1,347,819 shares during the period. U S Global Investors Inc. lifted its stake in Silvercorp Metals by 29.5% in the 3rd quarter. U S Global Investors Inc. now owns 1,562,671 shares of the company’s stock valued at $9,876,000 after acquiring an additional 356,005 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Silvercorp Metals during the 3rd quarter worth about $8,962,000. 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.