Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up – Here’s What Happened

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.31, but opened at $12.08. Silvercorp Metals shares last traded at $12.0080, with a volume of 2,519,979 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Roth Capital downgraded Silvercorp Metals from a “buy” rating to a “neutral” rating and set a $10.50 target price on the stock. in a research note on Tuesday. Cantor Fitzgerald set a $7.50 target price on Silvercorp Metals and gave the company an “overweight” rating in a research report on Monday, September 22nd. Cormark upgraded shares of Silvercorp Metals to a “moderate buy” rating in a research report on Thursday, September 25th. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Silvercorp Metals in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Silvercorp Metals Stock Up 9.4%

The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 103.03 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.59. The business’s 50 day moving average is $8.24 and its 200 day moving average is $6.44.

Silvercorp Metals Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SVM. Public Employees Retirement System of Ohio increased its stake in Silvercorp Metals by 3.4% during the second quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company’s stock valued at $329,000 after acquiring an additional 2,581 shares during the period. First Heartland Consultants Inc. boosted its stake in Silvercorp Metals by 25.6% during the fourth quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock worth $120,000 after buying an additional 2,948 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Silvercorp Metals by 14.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock valued at $187,000 after buying an additional 3,745 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Silvercorp Metals by 163.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock valued at $40,000 after buying an additional 3,929 shares in the last quarter. Finally, Sprott Inc. boosted its position in shares of Silvercorp Metals by 0.4% during the 3rd quarter. Sprott Inc. now owns 1,301,082 shares of the company’s stock valued at $8,212,000 after acquiring an additional 4,732 shares in the last quarter. 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.