Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up - Should You Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $4.21, but opened at $4.37. Silvercorp Metals shares last traded at $4.43, with a volume of 2,697,146 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Roth Capital restated a "buy" rating and set a $6.25 target price (up previously from $6.00) on shares of Silvercorp Metals in a report on Tuesday, May 27th.

Silvercorp Metals Stock Performance

The company has a market capitalization of $907.89 million, a PE ratio of 11.58 and a beta of 1.20. The firm has a 50-day moving average of $3.74 and a two-hundred day moving average of $3.72. The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13.

Silvercorp Metals Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, June 26th. Stockholders of record on Friday, June 6th will be paid a $0.0125 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 6th. Silvercorp Metals's dividend payout ratio is presently 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

A number of large investors have recently made changes to their positions in the stock. First Heartland Consultants Inc. acquired a new position in Silvercorp Metals in the fourth quarter valued at about $30,000. PNC Financial Services Group Inc. acquired a new position in shares of Silvercorp Metals in the 1st quarter worth approximately $39,000. Welch Group LLC acquired a new position in shares of Silvercorp Metals in the 1st quarter worth approximately $44,000. Tradition Wealth Management LLC purchased a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $46,000. Finally, Prudential Financial Inc. purchased a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $46,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

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.