Silvercorp Metals (NYSEAMERICAN:SVM) Trading Up 5.8% – Should You Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares traded up 5.8% during trading on Wednesday . The stock traded as high as $10.19 and last traded at $10.0790. 773,752 shares traded hands during trading, a decline of 84% from the average session volume of 4,867,316 shares. The stock had previously closed at $9.53.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SVM shares. Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Roth Capital lowered their target price on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Zacks Research lowered shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Silvercorp Metals Stock Performance

The firm has a fifty day moving average price of $10.93 and a 200 day moving average price of $11.30. 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 firm has a market cap of $2.13 billion, a PE ratio of -240.44 and a beta of 1.13.

Silvercorp Metals Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 25th. Stockholders of record on Friday, June 5th were paid a $0.0125 dividend. The ex-dividend date of this dividend was 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

Institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in Silvercorp Metals in the third quarter worth approximately $57,000. Employees Retirement System of Texas acquired a new stake in Silvercorp Metals during the fourth quarter worth $61,000. TD Waterhouse Canada Inc. raised its position in Silvercorp Metals by 22.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after purchasing an additional 1,374 shares during the period. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,170 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Silvercorp Metals in the 1st quarter valued at $64,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.