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

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SVM. Roth Capital raised their target price on Silvercorp Metals to $9.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Silvercorp Metals in a research report on Friday. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday. Finally, 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. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Silvercorp Metals has an average rating of “Moderate Buy” and a consensus price target of $8.25.

Silvercorp Metals Stock Performance

The firm has a fifty day moving average of $8.05 and a 200 day moving average of $6.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.59 and a quick ratio of 4.50. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 94.26 and a beta of 0.97.

Silvercorp Metals Dividend Announcement

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

Institutional Trading of Silvercorp Metals

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