Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shot up 4.5% on Tuesday . The stock traded as high as $3.04 and last traded at $3.04. 349,321 shares changed hands during trading, a decline of 85% from the average session volume of 2,326,029 shares. The stock had previously closed at $2.91.
Silvercorp Metals Stock Performance
The firm has a market cap of $652.68 million, a PE ratio of 10.00 and a beta of 1.20.
Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The company had revenue of $68.00 million for the quarter, compared to the consensus estimate of $67.90 million. On average, equities analysts predict that Silvercorp Metals Inc. will post 0.34 EPS for the current year.
Silvercorp Metals Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.0125 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals's dividend payout ratio (DPR) is presently 10.00%.
Hedge Funds Weigh In On Silvercorp Metals
A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in Silvercorp Metals by 563.7% in the third quarter. Blue Trust Inc. now owns 6,624 shares of the company's stock valued at $29,000 after buying an additional 5,626 shares during the period. Capital Performance Advisors LLP bought a new position in Silvercorp Metals during the third quarter worth $32,000. International Assets Investment Management LLC bought a new stake in Silvercorp Metals in the third quarter valued at $46,000. Zacks Investment Management acquired a new position in shares of Silvercorp Metals during the third quarter valued at about $46,000. Finally, Toronto Dominion Bank boosted its position in shares of Silvercorp Metals by 56.3% during the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company's stock worth $51,000 after purchasing an additional 5,435 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.
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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