Silvercorp Metals (NYSEAMERICAN:SVM) Trading Up 4.5% – Time to Buy?

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) traded up 4.5% during trading on Thursday . The stock traded as high as $3.02 and last traded at $3.01. 1,671,781 shares were traded during trading, a decline of 27% from the average session volume of 2,300,743 shares. The stock had previously closed at $2.88.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their target price on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a research report on Wednesday, August 21st.

Silvercorp Metals Price Performance

The stock has a market capitalization of $646.15 million, a PE ratio of 9.90 and a beta of 1.20.

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

Silvercorp Metals Cuts Dividend

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

Hedge Funds Weigh In On Silvercorp Metals

Several hedge funds and other institutional investors have recently modified their holdings of SVM. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Silvercorp Metals during the 3rd quarter valued at about $32,000. First Heartland Consultants Inc. purchased a new position in Silvercorp Metals in the second quarter worth about $34,000. International Assets Investment Management LLC bought a new position in shares of Silvercorp Metals in the third quarter worth approximately $46,000. Finally, Zacks Investment Management purchased a new stake in shares of Silvercorp Metals during the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.