Silvercorp Metals (NYSEAMERICAN:SVM) Trading 4.7% Higher - Here's Why

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s stock price was up 4.7% during trading on Friday . The stock traded as high as $5.05 and last traded at $5.06. Approximately 2,370,871 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 6,072,729 shares. The stock had previously closed at $4.83.

Wall Street Analyst Weigh In

Separately, Roth Capital reaffirmed a "buy" rating and set a $6.75 price target (up from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st.

Silvercorp Metals Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.95 and a current ratio of 5.05. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.93 and a beta of 1.01. The firm's 50 day moving average price is $4.12 and its 200-day moving average price is $3.67.

Silvercorp Metals Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, June 26th. Investors of record on Friday, June 6th were issued a $0.0125 dividend. This represents a yield of 0.6%. The ex-dividend date was Friday, June 6th. Silvercorp Metals's payout ratio is 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

Several large investors have recently bought and sold shares of SVM. First Heartland Consultants Inc. acquired a new position in Silvercorp Metals during the fourth quarter worth about $30,000. PNC Financial Services Group Inc. purchased a new position in Silvercorp Metals in the 1st quarter worth approximately $39,000. Welch Group LLC acquired a new position in shares of Silvercorp Metals during the 1st quarter worth approximately $44,000. Prudential Financial Inc. purchased a new stake in shares of Silvercorp Metals in the fourth quarter valued at approximately $46,000. Finally, Tradition Wealth Management LLC acquired a new stake in shares of Silvercorp Metals in the fourth quarter valued at approximately $46,000. 22.30% of the stock is currently owned by hedge funds and other 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.