Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) traded up 6.6% during trading on Monday . The stock traded as high as $4.20 and last traded at $4.15. 1,136,475 shares were traded during trading, a decline of 71% from the average session volume of 3,925,613 shares. The stock had previously closed at $3.89.
Wall Street Analyst Weigh In
Separately, Roth Capital reissued a "buy" rating and issued a $6.25 price objective (up from $6.00) on shares of Silvercorp Metals in a research note on Tuesday, May 27th.
View Our Latest Analysis on Silvercorp Metals
Silvercorp Metals Stock Down 3.5%
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 company has a 50 day simple moving average of $3.74 and a two-hundred day simple moving average of $3.72. The company has a market capitalization of $907.89 million, a P/E ratio of 11.58 and a beta of 1.20.
Silvercorp Metals Dividend Announcement
The company 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%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. First Heartland Consultants Inc. bought a new stake in Silvercorp Metals during the 4th quarter valued at about $30,000. PNC Financial Services Group Inc. purchased a new position in shares of Silvercorp Metals during the first quarter worth approximately $39,000. Welch Group LLC bought a new stake in shares of Silvercorp Metals during the first quarter valued at approximately $44,000. Tradition Wealth Management LLC bought a new position in Silvercorp Metals in the fourth quarter worth approximately $46,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Silvercorp Metals in the 4th quarter worth $46,000. 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.
Further Reading
Before you consider Silvercorp Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvercorp Metals wasn't on the list.
While Silvercorp Metals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
