Silvercorp Metals (NYSEAMERICAN:SVM) Sets New 12-Month High

Silvercorp Metals (NYSEAMERICAN:SVM) reached a new 52-week high, trading as high as $8.10. Analysts have mixed ratings: Raymond James Financial rates it 'outperform,' Zacks Research downgraded to 'hold,' Roth Capital set a price target of $8.25 with a 'buy' rating, Cantor Fitzgerald rated it 'overweight,' and Cormark upgraded to 'moderate buy.' The company has a market cap of $1.75 billion and a P/E ratio of 66.17. Institutional investors have increased their holdings. A dividend of $0.0125 per share will be paid on December 12th.

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $8.10 and last traded at $7.94, with a volume of 4057064 shares. The stock had previously closed at $7.94.

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Analyst Upgrades and Downgrades

Silver Soars: Here's How to Gain Exposure

SVM has been the subject of several research analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Silvercorp Metals in a report on Friday, October 10th. Zacks Research cut Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Roth Capital set a $8.25 price target on Silvercorp Metals and gave the company a "buy" rating in a research note on Friday, October 3rd. Cantor Fitzgerald set a $7.50 price objective on Silvercorp Metals and gave the stock an "overweight" rating in a research report on Monday, September 22nd. Finally, Cormark upgraded Silvercorp Metals to a "moderate buy" rating in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.88.

View Our Latest Report on Silvercorp Metals

Silvercorp Metals Price Performance

The firm's 50-day simple moving average is $6.74 and its 200 day simple moving average is $5.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.59. The stock has a market capitalization of $1.75 billion, a P/E ratio of 66.17 and a beta of 1.00.

Silvercorp Metals Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $0.0125 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 32.0%. Silvercorp Metals's payout ratio is 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

Large investors have recently made changes to their positions in the stock. Tidal Investments LLC increased its holdings in Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company's stock worth $69,306,000 after buying an additional 2,138,301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Silvercorp Metals by 38.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company's stock worth $57,665,000 after purchasing an additional 2,534,155 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Silvercorp Metals by 8,416.5% in the 1st quarter. Citigroup Inc. now owns 3,573,536 shares of the company's stock valued at $13,780,000 after purchasing an additional 3,531,576 shares during the period. Alps Advisors Inc. raised its holdings in shares of Silvercorp Metals by 111.9% in the 3rd quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company's stock valued at $16,133,000 after purchasing an additional 1,347,819 shares during the period. Finally, U S Global Investors Inc. lifted its stake in Silvercorp Metals by 29.5% in the 3rd quarter. U S Global Investors Inc. now owns 1,562,671 shares of the company's stock valued at $9,876,000 after purchasing an additional 356,005 shares during the last quarter. Institutional investors and hedge funds 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.

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Silvercorp Metals (NYSEAMERICAN:SVM) Sets New 12-Month High - Still a Buy?