Silvercorp Metals (NYSEAMERICAN:SVM) Trading Up 6.6% - Time to Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares rose 6.6% during trading on Monday . The company traded as high as $4.20 and last traded at $4.15. Approximately 1,136,475 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 3,925,613 shares. The stock had previously closed at $3.89.

Wall Street Analyst Weigh In

Separately, Roth Capital restated 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.

Silvercorp Metals Stock Up 1.7%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61. The stock's 50-day moving average price is $3.73 and its two-hundred day moving average price is $3.71. The stock has a market capitalization of $916.60 million, a PE ratio of 11.69 and a beta of 1.20.

Silvercorp Metals Dividend Announcement

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

Hedge Funds Weigh In On Silvercorp Metals

Large investors have recently modified their holdings of the stock. First Heartland Consultants Inc. purchased a new position in Silvercorp Metals in the 4th quarter worth approximately $30,000. PNC Financial Services Group Inc. bought a new stake in shares of Silvercorp Metals in the 1st quarter worth $39,000. Welch Group LLC bought a new stake in shares of Silvercorp Metals in the 1st quarter worth $44,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Silvercorp Metals in the first quarter worth $46,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of Silvercorp Metals in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 22.30% of the company's stock.

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.