Investors Purchase Large Volume of Silvercorp Metals Call Options (NYSEAMERICAN:SVM)

Key Points

• There was significant trading activity in Silvercorp Metals as traders purchased 3,318 call options, a 75% increase over typical daily volume.
• Silvercorp Metals' stock price increased by 1.8% to $6.03, with a market cap currently standing at approximately $1.32 billion.
• Analysts have mixed ratings on the stock, with three giving a Buy rating, one a Hold rating, and a consensus price target of $7.13.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) was the target of unusually large options trading activity on Friday. Traders bought 3,318 call options on the stock. This represents an increase of 75% compared to the typical daily volume of 1,899 call options.

Silvercorp Metals Trading Up 1.8%

NYSEAMERICAN:SVM traded up $0.11 during trading hours on Friday, hitting $6.03. The company had a trading volume of 1,382,118 shares, compared to its average volume of 5,889,410. The company has a market capitalization of $1.32 billion, a PE ratio of 23.21 and a beta of 0.85. The stock has a 50-day moving average price of $4.84 and a 200 day moving average price of $4.30. Silvercorp Metals has a 52 week low of $2.87 and a 52 week high of $6.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50.

Hedge Funds Weigh In On Silvercorp Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVM. Public Employees Retirement System of Ohio raised its position in shares of Silvercorp Metals by 3.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company's stock worth $329,000 after purchasing an additional 2,581 shares during the last quarter. TD Asset Management Inc raised its position in shares of Silvercorp Metals by 1.9% in the 1st quarter. TD Asset Management Inc now owns 228,334 shares of the company's stock worth $880,000 after purchasing an additional 4,342 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Silvercorp Metals by 22.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,779 shares of the company's stock worth $109,000 after purchasing an additional 4,790 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Silvercorp Metals by 419.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company's stock worth $31,000 after purchasing an additional 5,839 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Silvercorp Metals by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 123,058 shares of the company's stock worth $519,000 after purchasing an additional 6,637 shares during the last quarter. Hedge funds and other institutional investors own 22.30% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on SVM. Cantor Fitzgerald set a $7.50 target price on shares of Silvercorp Metals and gave the stock an "overweight" rating in a research report on Monday. Raymond James Financial reiterated an "outperform" rating on shares of Silvercorp Metals in a research report on Thursday, August 7th. Roth Capital restated a "buy" rating and issued a $6.75 price target (up previously from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st. Finally, Zacks Research downgraded shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.13.

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.

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