Silvercorp Metals (NYSEAMERICAN:SVM) Reaches New 1-Year High – Still a Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.00 and last traded at $13.7760, with a volume of 2312465 shares traded. The stock had previously closed at $12.94.

Analysts Set New Price Targets

SVM has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating on shares of Silvercorp Metals in a report on Friday, January 16th. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Finally, Roth Mkm set a $11.50 target price on Silvercorp Metals in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Silvercorp Metals Stock Performance

The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 111.87 and a beta of 0.97. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $8.68 and its 200-day moving average is $6.65.

Silvercorp Metals Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $0.0125 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 32.0%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Hedge Funds Weigh In On Silvercorp Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVM. LOM Asset Management Ltd acquired a new position in shares of Silvercorp Metals during the fourth quarter worth $1,309,000. Baillie Gifford & Co. bought a new position in Silvercorp Metals during the 4th quarter worth $35,248,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its holdings in Silvercorp Metals by 14.4% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 151,000 shares of the company’s stock worth $1,296,000 after buying an additional 19,000 shares during the period. Brady Martz Wealth Solutions LLC bought a new stake in shares of Silvercorp Metals in the 4th quarter valued at about $95,000. Finally, First Heartland Consultants Inc. increased its stake in shares of Silvercorp Metals by 25.6% in the fourth quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock valued at $120,000 after buying an additional 2,948 shares during the period. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.