Silvercorp Metals' (SVM) "Buy" Rating Reiterated at Roth Capital

Roth Capital reiterated their buy rating on shares of Silvercorp Metals (NYSEAMERICAN:SVM - Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $6.75 price target on the stock, up from their previous price target of $6.25.

Silvercorp Metals Stock Up 6.4%

Shares of SVM stock traded up $0.27 during midday trading on Tuesday, reaching $4.49. 6,372,017 shares of the stock were exchanged, compared to its average volume of 4,468,414. The firm has a market cap of $978.82 million, a PE ratio of 14.97 and a beta of 1.01. The company has a current ratio of 5.05, a quick ratio of 4.95 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $3.95 and its two-hundred day moving average is $3.67. Silvercorp Metals has a 1 year low of $2.87 and a 1 year high of $5.32.

Silvercorp Metals Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, June 6th were paid a dividend of $0.0125 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Friday, June 6th. Silvercorp Metals's dividend payout ratio is currently 8.33%.

Institutional Trading of Silvercorp Metals

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its stake in shares of Silvercorp Metals by 8,416.5% during the 1st quarter. Citigroup Inc. now owns 3,573,536 shares of the company's stock valued at $13,780,000 after buying an additional 3,531,576 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Silvercorp Metals by 17.8% in the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company's stock valued at $22,668,000 after acquiring an additional 1,143,210 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Silvercorp Metals by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock worth $17,336,000 after acquiring an additional 1,025,000 shares during the period. Marshall Wace LLP purchased a new stake in shares of Silvercorp Metals during the fourth quarter worth about $2,788,000. Finally, Bank of America Corp DE raised its stake in Silvercorp Metals by 206.4% during the 4th quarter. Bank of America Corp DE now owns 1,258,083 shares of the company's stock valued at $3,774,000 after purchasing an additional 847,547 shares during the period. 22.30% of the stock is currently 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.