Silvercorp Metals (NYSEAMERICAN:SVM) Trading Up 6.8% - What's Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) saw its stock price increase by 6.8% during trading on Tuesday. The shares climbed to a high of $3.17 before settling at $3.14. Approximately 1,361,836 shares were exchanged during the day, which is a significant decrease of 50% from the average daily trading volume of 2,726,775 shares. The stock had closed at $2.94 the previous day.

Silvercorp Metals Stock Performance

The company's market capitalization stands at $683.14 million, with a price-to-earnings ratio of 10.47 and a beta value of 1.20, indicating that the stock has been more volatile than the overall market.

Silvercorp Metals recently released its quarterly earnings data on November 7th, showing earnings per share (EPS) of $0.09 for the quarter, which exceeded analysts' expectations of $0.08 by a narrow margin of $0.01. The company reported revenues of $68 million for the quarter, slightly ahead of the consensus estimate of $67.90 million. Silvercorp's return on equity is recorded at 8.12%, while it enjoys a net margin of 23.07%. Analysts predict that Silvercorp Metals Inc. will report an EPS of 0.34 for the current year.

Changes in Dividend Policy

The company recently announced a semi-annual dividend, which was distributed on December 13th. Investors who were on record as of November 29th received a dividend of $0.0125 per share, reflecting a yield of 0.6%. The ex-dividend date was also November 29th. Silvercorp Metals has a payout ratio of 10%.

Institutional Investor Activity

Several institutional investors have modified their stakes in Silvercorp Metals. Notably, Van ECK Associates Corp increased its shareholdings by 153.8% during the third quarter, now holding 22,110,781 shares valued at approximately $105,689,000 after acquiring an additional 13,399,851 shares. Similarly, Tidal Investments LLC raised its stake by 2.1%, bringing its total to 6,412,871 shares valued at $28,024,000. Connor Clark & Lunn Investment Management Ltd. also increased its holdings by 2.2%, now owning 5,366,682 shares worth $23,369,000. Renaissance Technologies LLC and American Century Companies Inc. also grew their positions in the company. Overall, institutional investors hold 22.30% of Silvercorp's stock.

About Silvercorp Metals

Silvercorp Metals Inc., along with its subsidiaries, is engaged in the acquisition, exploration, development, and mining of mineral properties, primarily in China. The company focuses on silver, gold, lead, and zinc. Silvercorp holds a 100% interest in various projects, including the Kuanping silver-lead-zinc-gold project in Henan Province, the Ying project in the Ying Mining District of Henan Province, the Gaocheng mine in Guangdong Province, and the Baiyunpu mine in Hunan Province.

Silvercorp, Stocks, Earnings