Silvercorp Metals (NYSEAMERICAN:SVM) Reaches New 1-Year High – Still a Buy?

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) hit a new 52-week high during trading on Monday . The stock traded as high as $14.00 and last traded at $13.7760, with a volume of 2312465 shares changing hands. The stock had previously closed at $12.94.

Analysts Set New Price Targets

Several research firms have issued reports on SVM. Roth Mkm set a $11.50 price target on shares of Silvercorp Metals in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Silvercorp Metals Price Performance

The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $8.68 and a 200 day moving average of $6.65. The firm has a market capitalization of $2.96 billion, a P/E ratio of 111.87 and a beta of 0.97.

Silvercorp Metals Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given 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 (DPR) is presently 8.33%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Silvercorp Metals by 31.6% during the first quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock valued at $1,720,000 after buying an additional 106,813 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Silvercorp Metals during the 1st quarter valued at about $97,000. Goldman Sachs Group Inc. grew its holdings in Silvercorp Metals by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock worth $3,273,000 after buying an additional 28,803 shares in the last quarter. Jane Street Group LLC grew its holdings in Silvercorp Metals by 91.4% during the first quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock worth $396,000 after buying an additional 48,854 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Silvercorp Metals in the 2nd quarter valued at $50,000. 22.30% of the stock is owned by institutional investors.

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.