Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 6.2% – Should You Sell?

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

Analyst Ratings Changes

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

Silvercorp Metals Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.59. The firm has a market cap of $1.95 billion, a P/E ratio of 73.88 and a beta of 0.97. The company has a 50-day moving average of $7.59 and a 200 day moving average of $6.08.

Silvercorp Metals Dividend Announcement

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

Institutional Trading of Silvercorp Metals

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of Silvercorp Metals by 3.4% in the second quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company’s stock valued at $329,000 after acquiring an additional 2,581 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Silvercorp Metals by 14.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock valued at $187,000 after purchasing an additional 3,745 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in 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 during the last quarter. 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 worth $8,212,000 after purchasing an additional 4,732 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Silvercorp Metals by 2.0% in the third quarter. TD Asset Management Inc now owns 264,864 shares of the company’s stock worth $1,671,000 after purchasing an additional 5,156 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

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.