Silvercorp Metals (TSE:SVM) Trading Up 3.8% – Should You Buy?

Silvercorp Metals Inc. (TSE:SVM)’s share price shot up 3.8% during mid-day trading on Wednesday . The stock traded as high as C$4.69 and last traded at C$4.69. 478,642 shares changed hands during trading, an increase of 6% from the average session volume of 452,987 shares. The stock had previously closed at C$4.52.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their price objective on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th.

Silvercorp Metals Stock Down 2.0 %

The company has a current ratio of 4.03, a quick ratio of 4.43 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$945.12 million, a P/E ratio of 11.78, a PEG ratio of 0.03 and a beta of 1.15. The firm has a 50-day simple moving average of C$5.75 and a two-hundred day simple moving average of C$5.30.

Silvercorp Metals Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.017 dividend. This represents a yield of 0.27%. The ex-dividend date is Friday, November 29th. Silvercorp Metals’s dividend payout ratio is currently 8.11%.

Insider Transactions at Silvercorp Metals

In other news, Senior Officer Derek Zhihua Liu sold 53,333 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total value of C$312,531.38. Also, Director Yikang Liu sold 3,800 shares of Silvercorp Metals stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total transaction of C$26,600.00. Over the last ninety days, insiders have sold 60,393 shares of company stock valued at $360,682. 3.67% of the stock is currently owned by company insiders.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.