Silvercorp Metals (NYSEAMERICAN:SVM) Trading Down 6.2% – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was down 6.2% during trading on Wednesday . The stock traded as low as $8.49 and last traded at $8.6760. Approximately 1,122,334 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 4,481,126 shares. The stock had previously closed at $9.25.

Wall Street Analyst Weigh In

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

Silvercorp Metals Price Performance

The firm has a market cap of $1.97 billion, a P/E ratio of 74.67 and a beta of 0.97. The stock’s 50-day simple moving average is $7.70 and its two-hundred day simple moving average is $6.12. 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 business also recently announced a dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.0125 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 32.0%. Silvercorp Metals’s dividend payout ratio is currently 8.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SVM. JPMorgan Chase & Co. boosted its position in Silvercorp Metals by 1,253.6% during the third quarter. JPMorgan Chase & Co. now owns 943,902 shares of the company’s stock valued at $5,965,000 after purchasing an additional 874,170 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Silvercorp Metals during the third quarter valued at about $8,547,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Silvercorp Metals by 111.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 211,012 shares of the company’s stock valued at $1,315,000 after buying an additional 111,203 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Silvercorp Metals in the 3rd quarter worth approximately $8,962,000. Finally, Tidal Investments LLC lifted its position in Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock valued at $69,306,000 after acquiring an additional 2,138,301 shares during the last quarter. 22.30% of the stock is owned by 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.