Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) gapped up prior to trading 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 traded.
Analyst Ratings Changes
Separately, Roth Capital reiterated a "buy" rating and set a $6.25 price target (up from $6.00) on shares of Silvercorp Metals in a research report on Tuesday, May 27th.
Check Out Our Latest Stock Report on Silvercorp Metals
Silvercorp Metals Stock Performance
The business has a fifty day simple moving average of $3.74 and a 200-day simple 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. The firm has a market cap of $907.89 million, a P/E ratio of 11.58 and a beta of 1.20.
Silvercorp Metals Dividend Announcement
The business also recently announced a semi-annual dividend, which will be paid on Thursday, June 26th. Stockholders of record on Friday, June 6th will be given a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, June 6th. Silvercorp Metals's dividend payout ratio is currently 8.33%.
Hedge Funds Weigh In On Silvercorp Metals
Several hedge funds have recently bought and sold shares of SVM. Atria Wealth Solutions Inc. bought a new position in Silvercorp Metals in the 4th quarter valued at $62,000. Y Intercept Hong Kong Ltd bought a new position in Silvercorp Metals in the 4th quarter valued at $187,000. Pine Valley Investments Ltd Liability Co bought a new position in Silvercorp Metals in the 4th quarter valued at $111,000. Aigen Investment Management LP grew its position in shares of Silvercorp Metals by 21.4% during the 4th quarter. Aigen Investment Management LP now owns 31,635 shares of the company's stock worth $95,000 after buying an additional 5,579 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Silvercorp Metals during the 4th quarter worth $103,000. Institutional investors own 22.30% of the company's stock.
About Silvercorp Metals
(
Get Free Report)
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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