Silvercorp Metals (NYSEAMERICAN:SVM) Shares Up 4.8%

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) traded up 4.8% during mid-day trading on Wednesday . The stock traded as high as $3.53 and last traded at $3.51. 146,007 shares changed hands during mid-day 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 restated a “buy” rating and set a $6.00 price objective (up previously from $5.75) on shares of Silvercorp Metals in a report on Tuesday, May 28th.

Silvercorp Metals Stock Performance

The stock has a market cap of $625.40 million, a price-to-earnings ratio of 16.00 and a beta of 1.26.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its earnings results on Thursday, May 23rd. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Silvercorp Metals had a return on equity of 6.71% and a net margin of 16.87%. The company had revenue of $42.68 million for the quarter, compared to analyst estimates of $38.50 million. Equities analysts predict that Silvercorp Metals Inc. will post 0.28 earnings per share for the current year.

Silvercorp Metals Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 7th were paid a $0.0125 dividend. The ex-dividend date was Friday, June 7th. This represents a dividend yield of 0.6%. Silvercorp Metals’s payout ratio is 15.00%.

Institutional Investors Weigh In On Silvercorp Metals

A number of institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Silvercorp Metals during the 1st quarter valued at $206,000. Tidal Investments LLC purchased a new position in shares of Silvercorp Metals in the 1st quarter worth about $17,619,000. Mirae Asset Global Investments Co. Ltd. grew its position in Silvercorp Metals by 4.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock valued at $15,226,000 after buying an additional 199,916 shares during the period. U S Global Investors Inc. increased its holdings in Silvercorp Metals by 367.1% during the first quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock worth $3,807,000 after buying an additional 917,700 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in Silvercorp Metals in the first quarter worth about $40,000. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Company Profile

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.