Silvercorp Metals (NYSEAMERICAN:SVM) Shares Up 6.8% - Still a Buy?

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

Silvercorp Metals Trading Up 7.5 %

The firm has a market capitalization of $687.49 million, a PE ratio of 10.53 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The business had revenue of $68.00 million during the quarter, compared to the consensus estimate of $67.90 million. Analysts forecast that Silvercorp Metals Inc. will post 0.34 earnings per share for the current fiscal 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 issued a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals's payout ratio is 10.00%.

Hedge Funds Weigh In On Silvercorp Metals

Several hedge funds have recently bought and sold shares of SVM. Van ECK Associates Corp increased its holdings in shares of Silvercorp Metals by 153.8% in the 3rd quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company's stock worth $105,689,000 after buying an additional 13,399,851 shares during the last quarter. Tidal Investments LLC increased its stake in Silvercorp Metals by 2.1% in the third quarter. Tidal Investments LLC now owns 6,412,871 shares of the company's stock valued at $28,024,000 after acquiring an additional 133,231 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Silvercorp Metals by 2.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company's stock valued at $23,369,000 after acquiring an additional 115,300 shares during the last quarter. Renaissance Technologies LLC raised its position in Silvercorp Metals by 2.4% during the second quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company's stock valued at $15,577,000 after purchasing an additional 110,200 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Silvercorp Metals by 0.8% during the second quarter. American Century Companies Inc. now owns 1,125,635 shares of the company's stock worth $3,768,000 after purchasing an additional 9,300 shares during the last quarter. Hedge funds and other institutional investors own 22.30% of the company's stock.

Silvercorp Metals Company Profile

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.