Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 9.9% – Should You Sell?

Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Free Report)’s stock price traded down 9.9% during mid-day trading on Friday . The company traded as low as $11.21 and last traded at $11.1260. 943,149 shares traded hands during trading, a decline of 82% from the average session volume of 5,169,635 shares. The stock had previously closed at $12.35.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “neutral” rating and set a $13.25 price target on shares of Silvercorp Metals in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Silvercorp Metals presently has an average rating of “Moderate Buy” and a consensus price target of $10.38.

View Our Latest Analysis on Silvercorp Metals

Silvercorp Metals Stock Down 11.9%

The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -271.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.58 and a quick ratio of 3.50. The stock has a 50-day moving average of $12.24 and a 200-day moving average of $10.73.

Silvercorp Metals Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, June 25th. Shareholders of record on Friday, June 5th will be issued a $0.0125 dividend. This represents a dividend yield of 23.0%. The ex-dividend date of this dividend is Friday, June 5th. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

A number of large investors have recently modified their holdings of SVM. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $40,000 after purchasing an additional 3,929 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Silvercorp Metals in the 3rd quarter valued at $57,000. Employees Retirement System of Texas acquired a new stake in shares of Silvercorp Metals in the 4th quarter valued at $61,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Silvercorp Metals by 22.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after purchasing an additional 1,374 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Silvercorp Metals in the 1st quarter valued at $64,000. Institutional investors and hedge funds own 22.30% of the company’s stock.

About Silvercorp Metals

(Get Free Report)

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.

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