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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was the target of some unusual options trading on Monday. Traders bought 11,521 call options on the company. This is an increase of 233% compared to the average volume of 3,458 call options.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SVM. Cantor Fitzgerald set a $7.50 target price on Silvercorp Metals and gave the company an “overweight” rating in a research note on Monday, September 22nd. Cormark upgraded shares of Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a report on Friday, October 10th. Finally, Roth Capital lifted their target price on Silvercorp Metals to $9.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at $9.85 on Wednesday. Silvercorp Metals has a 1-year low of $2.93 and a 1-year high of $10.15. The company’s 50-day moving average is $7.89 and its 200 day moving average is $6.26. The firm has a market capitalization of $2.17 billion, a P/E ratio of 82.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.59 and a quick ratio of 4.50.

Silvercorp Metals Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.0125 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 32.0%. Silvercorp Metals’s dividend payout ratio is 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in shares of Silvercorp Metals by 3.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company’s stock worth $329,000 after buying an additional 2,581 shares in the last quarter. First Heartland Consultants Inc. lifted its position in shares of Silvercorp Metals by 25.6% during 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 last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Silvercorp Metals by 14.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock valued at $187,000 after buying an additional 3,745 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Silvercorp Metals by 163.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after buying an additional 3,929 shares during the last quarter. Finally, Sprott Inc. boosted its stake in Silvercorp Metals by 0.4% in the third quarter. Sprott Inc. now owns 1,301,082 shares of the company’s stock valued at $8,212,000 after acquiring an additional 4,732 shares in the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

About Silvercorp Metals

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.