Silvercorp Metals (NYSEAMERICAN:SVM) Shares Up 4.8%

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s share price traded up 4.8% during trading on Wednesday . The company traded as high as $3.53 and last traded at $3.51. 146,007 shares were traded during trading, a decline of 92% from the average session volume of 1,751,246 shares. The stock had previously closed at $3.35.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and issued a $6.00 target price (up previously from $5.75) on shares of Silvercorp Metals in a report on Tuesday, May 28th.

Silvercorp Metals Stock Up 4.2 %

The company has a market cap of $620.07 million, a PE ratio of 17.60 and a beta of 1.26.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its earnings results on Thursday, May 23rd. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Silvercorp Metals had a net margin of 16.87% and a return on equity of 6.71%. The business had revenue of $42.68 million for the quarter, compared to the consensus estimate of $38.50 million. As a group, research analysts forecast that Silvercorp Metals Inc. will post 0.28 earnings per share for the current fiscal year.

Silvercorp Metals Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 7th were given a dividend of $0.0125 per share. This represents a yield of 0.6%. The ex-dividend date was Friday, June 7th. Silvercorp Metals’s dividend payout ratio (DPR) is currently 15.00%.

Institutional Investors Weigh In On Silvercorp Metals

Several institutional investors and hedge funds have recently made changes to their positions in SVM. Van ECK Associates Corp increased its holdings in Silvercorp Metals by 8.2% during the fourth quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock worth $23,949,000 after buying an additional 693,952 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Silvercorp Metals during the 1st quarter worth approximately $17,619,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Silvercorp Metals by 4.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock worth $15,226,000 after acquiring an additional 199,916 shares during the last quarter. U S Global Investors Inc. lifted its holdings in Silvercorp Metals by 367.1% during the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock valued at $3,807,000 after purchasing an additional 917,700 shares during the last quarter. Finally, Sprott Inc. boosted its position in Silvercorp Metals by 4.7% during the fourth quarter. Sprott Inc. now owns 994,445 shares of the company’s stock worth $2,595,000 after purchasing an additional 44,754 shares during the period. Institutional investors and hedge funds own 22.30% of the company’s stock.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.