Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Up 6.8% – Here’s What Happened

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s share price was up 6.8% during trading on Tuesday . The company traded as high as $3.17 and last traded at $3.14. Approximately 1,361,836 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 2,726,775 shares. The stock had previously closed at $2.94.

Silvercorp Metals Stock Performance

The stock has a market capitalization of $666.16 million, a price-to-earnings ratio of 10.20 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $67.90 million. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. As a group, sell-side analysts expect that Silvercorp Metals Inc. will post 0.34 EPS for the current year.

Silvercorp Metals Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.0125 per share. The ex-dividend date was Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals’s dividend payout ratio (DPR) is presently 10.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in Silvercorp Metals by 563.7% in the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after purchasing an additional 5,626 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Silvercorp Metals in the 3rd quarter valued at approximately $32,000. Zacks Investment Management bought a new stake in shares of Silvercorp Metals in the 3rd quarter valued at approximately $46,000. International Assets Investment Management LLC acquired a new position in Silvercorp Metals in the third quarter worth approximately $46,000. Finally, Signaturefd LLC raised its position in Silvercorp Metals by 54.7% during the third quarter. Signaturefd LLC now owns 13,112 shares of the company’s stock valued at $57,000 after acquiring an additional 4,635 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

About Silvercorp Metals

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.