Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up – Still a Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reaffirmed a “buy” rating and issued a $6.25 target price (up from $6.00) on shares of Silvercorp Metals in a research report on Tuesday, May 27th.

Silvercorp Metals Stock Down 3.7%

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 stock has a market cap of $907.89 million, a price-to-earnings ratio of 11.58 and a beta of 1.20. The business’s fifty day moving average is $3.74 and its two-hundred day moving average is $3.72.

Silvercorp Metals Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, June 6th will be paid a $0.0125 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a dividend yield of 0.6%. Silvercorp Metals’s dividend payout ratio (DPR) is 8.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Heartland Consultants Inc. acquired a new position in Silvercorp Metals during the 4th quarter worth approximately $30,000. PNC Financial Services Group Inc. acquired a new position in shares of Silvercorp Metals during the first quarter worth $39,000. Welch Group LLC acquired a new position in shares of Silvercorp Metals during the first quarter worth $44,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Silvercorp Metals during the first quarter worth $46,000. Finally, Tradition Wealth Management LLC acquired a new position in shares of Silvercorp Metals during the fourth quarter worth $46,000. 22.30% of the stock is owned by institutional investors and hedge funds.

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.