Silvercorp Metals (NYSEAMERICAN:SVM) Shares Up 9% – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price traded up 9% during mid-day trading on Friday . The company traded as high as $11.14 and last traded at $11.1130. 6,731,163 shares changed hands during trading, an increase of 28% from the average session volume of 5,269,580 shares. The stock had previously closed at $10.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Cormark raised Silvercorp Metals to a “moderate buy” rating in a research report on Thursday, September 25th. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a research note on Wednesday. Roth Capital increased their price objective on shares of Silvercorp Metals to $9.00 and gave the company a “buy” rating in a research report on Monday, December 15th. BMO Capital Markets restated an “outperform” rating on shares of Silvercorp Metals in a report on Friday. Finally, Cantor Fitzgerald set a $7.50 target price on shares of Silvercorp Metals and gave the company an “overweight” rating in a research note on Monday, September 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.25.

Silvercorp Metals Stock Performance

The stock has a market cap of $2.50 billion, a PE ratio of 94.26 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.59. The firm has a fifty day moving average price of $8.15 and a 200 day moving average price of $6.38.

Silvercorp Metals Dividend Announcement

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

Institutional Trading of Silvercorp Metals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its position in Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock valued at $69,306,000 after purchasing an additional 2,138,301 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Silvercorp Metals by 38.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock valued at $57,665,000 after acquiring an additional 2,534,155 shares in the last quarter. Alps Advisors Inc. raised its position in Silvercorp Metals by 111.9% during the third quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company’s stock valued at $16,133,000 after acquiring an additional 1,347,819 shares in the last quarter. U S Global Investors Inc. lifted its holdings in Silvercorp Metals by 29.5% in the third 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 during the period. Finally, Voloridge Investment Management LLC purchased a new stake in Silvercorp Metals in the 3rd quarter worth approximately $8,962,000. Institutional investors and hedge funds own 22.30% of the company’s stock.

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.