Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) traded up 4.7% during mid-day trading on Friday . The stock traded as high as $5.05 and last traded at $5.06. 2,370,871 shares traded hands during trading, a decline of 61% from the average session volume of 6,072,729 shares. The stock had previously closed at $4.83.
Wall Street Analysts Forecast Growth
Separately, Roth Capital reiterated a "buy" rating and issued a $6.75 target price (up from $6.25) on shares of Silvercorp Metals in a research note on Tuesday, July 1st.
Read Our Latest Research Report on SVM
Silvercorp Metals Stock Up 6.0%
The firm has a market cap of $1.12 billion, a P/E ratio of 17.07 and a beta of 1.01. The firm's fifty day moving average is $4.12 and its 200 day moving average is $3.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.95 and a current ratio of 5.05.
Silvercorp Metals Dividend Announcement
The firm also recently announced a semi-annual dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, June 6th were given a dividend of $0.0125 per share. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 0.6%. Silvercorp Metals's payout ratio is presently 8.33%.
Institutional Investors Weigh In On Silvercorp Metals
A number of large investors have recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals during the fourth quarter worth about $30,000. PNC Financial Services Group Inc. bought a new position in shares of Silvercorp Metals in the 1st quarter valued at $39,000. Welch Group LLC bought a new position in shares of Silvercorp Metals in the first quarter worth about $44,000. Baader Bank Aktiengesellschaft acquired a new position in Silvercorp Metals during the 1st quarter worth approximately $46,000. Finally, Tradition Wealth Management LLC bought a new position in Silvercorp Metals in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 22.30% of the company's stock.
About Silvercorp Metals
(
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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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