Silvercorp Metals (NYSEAMERICAN:SVM) Trading Down 9.9% – What’s Next?

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

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “neutral” rating and issued a $13.25 price objective on shares of Silvercorp Metals in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.38.

Silvercorp Metals Trading Down 13.8%

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 company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -265.93 and a beta of 1.08. The business’s 50 day simple moving average is $12.24 and its 200 day simple moving average is $10.73.

Silvercorp Metals Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.0125 per share. This represents a dividend yield of 23.0%. The ex-dividend date is Friday, June 5th. Silvercorp Metals’s payout ratio is 8.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SVM. Royal Bank of Canada increased its stake in shares of Silvercorp Metals by 31.6% during the first quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock worth $1,720,000 after acquiring an additional 106,813 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Silvercorp Metals during the first quarter worth about $97,000. Goldman Sachs Group Inc. increased its stake in shares of Silvercorp Metals by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock worth $3,273,000 after acquiring an additional 28,803 shares during the period. Jane Street Group LLC increased its stake in shares of Silvercorp Metals by 91.4% during the first quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock worth $396,000 after acquiring an additional 48,854 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Silvercorp Metals by 5.7% during the second quarter. Geode Capital Management LLC now owns 123,058 shares of the company’s stock worth $519,000 after acquiring an additional 6,637 shares during the period. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

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.