Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $3.68, but opened at $3.53. Silvercorp Metals shares last traded at $3.62, with a volume of 156,212 shares changing hands.
Wall Street Analyst Weigh In
Separately, Roth Mkm reiterated a “buy” rating and set a $6.00 price objective (up from $5.75) on shares of Silvercorp Metals in a research note on Tuesday, May 28th.
Check Out Our Latest Analysis on SVM
Silvercorp Metals Trading Up 1.4 %
The company has a market cap of $662.71 million, a PE ratio of 18.65 and a beta of 1.26.
Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Silvercorp Metals had a return on equity of 6.71% and a net margin of 16.87%. The company had revenue of $42.68 million during the quarter, compared to the consensus estimate of $38.50 million. As a group, equities analysts predict that Silvercorp Metals Inc. will post 0.31 earnings per share for the current fiscal year.
Silvercorp Metals Announces Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 7th were given a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a dividend yield of 0.6%. Silvercorp Metals’s payout ratio is 15.00%.
Institutional Trading of Silvercorp Metals
Hedge funds have recently modified their holdings of the stock. PFG Investments LLC acquired a new position in shares of Silvercorp Metals during the first quarter worth approximately $40,000. Williams & Novak LLC bought a new stake in Silvercorp Metals during the 2nd quarter valued at $61,000. Dynamic Technology Lab Private Ltd raised its holdings in Silvercorp Metals by 77.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after buying an additional 11,546 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Silvercorp Metals in the fourth quarter valued at $119,000. Finally, Virtu Financial LLC acquired a new position in shares of Silvercorp Metals during the first quarter valued at about $206,000. 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.
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