Silvercorp Metals (NYSEAMERICAN:SVM) Trading 3.4% Higher – Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Silvercorp Metals Price Performance

The firm has a 50-day moving average of $7.30 and a 200 day moving average of $5.86. The company has a market capitalization of $1.96 billion, a PE ratio of 74.17 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.59 and a quick ratio of 4.50.

Silvercorp Metals Announces Dividend

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

Institutional Investors Weigh In On Silvercorp Metals

A number of hedge funds have recently added to or reduced their stakes in SVM. Public Employees Retirement System of Ohio boosted its stake in shares of Silvercorp Metals by 3.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company’s stock worth $329,000 after buying an additional 2,581 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Silvercorp Metals by 14.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock valued at $187,000 after acquiring an additional 3,745 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Silvercorp Metals by 163.4% in the third quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock valued at $40,000 after acquiring an additional 3,929 shares during the period. Sprott Inc. boosted its position in Silvercorp Metals by 0.4% in the third quarter. Sprott Inc. now owns 1,301,082 shares of the company’s stock worth $8,212,000 after purchasing an additional 4,732 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Silvercorp Metals by 2.0% during the 3rd quarter. TD Asset Management Inc now owns 264,864 shares of the company’s stock valued at $1,671,000 after purchasing an additional 5,156 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

About Silvercorp Metals

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.