Investors Buy High Volume of Silvercorp Metals Call Options (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) saw some unusual options trading on Monday. Investors purchased 11,521 call options on the company. This represents an increase of 233% compared to the average daily volume of 3,458 call options.

Analyst Ratings Changes

SVM has been the topic of several recent analyst reports. Roth Capital raised 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. Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, October 10th. Finally, Cantor Fitzgerald set a $7.50 price objective on Silvercorp Metals and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

Hedge Funds Weigh In On Silvercorp Metals

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in Silvercorp Metals by 31.6% during the first quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock worth $1,720,000 after buying an additional 106,813 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Silvercorp Metals in the 1st quarter valued at $97,000. Goldman Sachs Group Inc. raised its position in shares of Silvercorp Metals by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock worth $3,273,000 after acquiring an additional 28,803 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Silvercorp Metals by 91.4% during the 1st quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock worth $396,000 after purchasing an additional 48,854 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in Silvercorp Metals during the second quarter valued at about $50,000. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Trading Up 4.6%

SVM stock traded up $0.43 during midday trading on Monday, reaching $9.63. The company’s stock had a trading volume of 2,953,943 shares, compared to its average volume of 4,469,595. Silvercorp Metals has a 1 year low of $2.92 and a 1 year high of $9.73. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 79.90 and a beta of 0.97. The stock has a fifty day simple moving average of $7.75 and a two-hundred day simple moving average of $6.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.59.

Silvercorp Metals Announces Dividend

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

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.