Silvercorp Metals (NYSEAMERICAN:SVM) Trading Up 4.5% – Still a Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was up 4.5% on Tuesday . The company traded as high as $3.04 and last traded at $3.04. Approximately 349,321 shares changed hands during trading, a decline of 85% from the average daily volume of 2,326,029 shares. The stock had previously closed at $2.91.

Silvercorp Metals Trading Up 3.1 %

The company has a market capitalization of $652.68 million, a price-to-earnings ratio of 10.00 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $68.00 million for the quarter, compared to analyst estimates of $67.90 million. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. On average, analysts predict that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.0125 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Friday, November 29th. Silvercorp Metals’s dividend payout ratio is currently 10.00%.

Hedge Funds Weigh In On Silvercorp Metals

Large investors have recently made changes to their positions in the business. Rathbones Group PLC grew its stake in shares of Silvercorp Metals by 27.4% during the second quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock worth $57,000 after acquiring an additional 3,690 shares during the last quarter. Signaturefd LLC boosted its stake in Silvercorp Metals by 54.7% in the 3rd quarter. Signaturefd LLC now owns 13,112 shares of the company’s stock worth $57,000 after purchasing an additional 4,635 shares in the last quarter. Creative Planning grew its position in Silvercorp Metals by 10.9% during the 3rd quarter. Creative Planning now owns 47,234 shares of the company’s stock worth $206,000 after purchasing an additional 4,659 shares during the last quarter. Toronto Dominion Bank increased its stake in Silvercorp Metals by 56.3% during the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock valued at $51,000 after purchasing an additional 5,435 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Silvercorp Metals by 563.7% in the third quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after buying an additional 5,626 shares during the last quarter. 22.30% of the stock is owned by institutional investors and hedge funds.

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.