Silvercorp Metals Target of Unusually High Options Trading (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was the target of some unusual options trading on Friday. Investors bought 10,031 call options on the stock. This is an increase of approximately 1,250% compared to the average volume of 743 call options.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price target (up previously from $5.75) on shares of Silvercorp Metals in a research note on Tuesday, May 28th.

Silvercorp Metals Stock Down 0.9 %

Shares of SVM traded down $0.03 during mid-day trading on Friday, reaching $3.47. The company’s stock had a trading volume of 44,889 shares, compared to its average volume of 1,699,685. The stock has a market cap of $616.51 million, a price-to-earnings ratio of 17.50 and a beta of 1.26. Silvercorp Metals has a 1-year low of $2.08 and a 1-year high of $4.39.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.02 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 firm had revenue of $42.68 million for the quarter, compared to analyst estimates of $38.50 million. As a group, analysts expect that Silvercorp Metals will post 0.31 earnings per share for the current year.

Silvercorp Metals Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 7th were issued a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 7th. Silvercorp Metals’s dividend payout ratio (DPR) is 15.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Heartland Consultants Inc. acquired a new position in Silvercorp Metals during the 2nd quarter worth about $34,000. Williams & Novak LLC acquired a new position in Silvercorp Metals during the 2nd quarter worth about $61,000. Virtu Financial LLC acquired a new position in Silvercorp Metals during the 1st quarter worth about $206,000. Tidal Investments LLC acquired a new position in Silvercorp Metals during the 1st quarter worth about $17,619,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Silvercorp Metals by 4.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock worth $15,226,000 after acquiring an additional 199,916 shares in the last quarter. 22.30% of the stock is owned by institutional investors and hedge funds.

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.