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

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

Analyst Upgrades and Downgrades

SVM has been the subject of several recent analyst reports. Cormark raised shares of Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, October 10th. Cantor Fitzgerald set a $7.50 price objective on shares of Silvercorp Metals and gave the stock an “overweight” rating in a report on Monday, September 22nd. Finally, Roth Capital increased their target price on Silvercorp Metals to $9.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Silvercorp Metals presently has an average rating of “Moderate Buy” and an average target price of $8.25.

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds and other institutional investors have recently made changes to their positions in SVM. EverSource Wealth Advisors LLC boosted its holdings in shares of Silvercorp Metals by 163.4% in the third quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after buying an additional 3,929 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Silvercorp Metals by 419.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company’s stock worth $31,000 after acquiring an additional 5,839 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Silvercorp Metals during the 3rd quarter valued at $57,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Silvercorp Metals in the 3rd quarter worth $67,000. Finally, Ballentine Partners LLC bought a new position in Silvercorp Metals in the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

SVM traded up $0.43 during mid-day trading on Monday, reaching $9.63. 2,953,943 shares of the company traded hands, compared to its average volume of 4,469,595. The company’s fifty day moving average price is $7.75 and its 200-day moving average price is $6.18. The stock has a market capitalization of $2.12 billion, a P/E ratio of 79.90 and a beta of 0.97. The company has a quick ratio of 4.50, a current ratio of 4.59 and a debt-to-equity ratio of 0.13. Silvercorp Metals has a 52-week low of $2.92 and a 52-week high of $9.73.

Silvercorp Metals Dividend Announcement

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

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.