Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 6.4% – Should You Sell?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares fell 6.4% during trading on Tuesday . The stock traded as low as $10.04 and last traded at $10.2250. Approximately 982,035 shares were traded during mid-day trading, a decline of 81% from the average session volume of 5,098,264 shares. The stock had previously closed at $10.92.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SVM shares. Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Zacks Research raised Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. Finally, Roth Mkm set a $13.50 price objective on Silvercorp Metals in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $10.50.

Silvercorp Metals Trading Down 0.4%

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 business’s 50-day moving average is $12.08 and its two-hundred day moving average is $11.20. The firm has a market cap of $2.23 billion, a P/E ratio of -251.44 and a beta of 1.13.

Silvercorp Metals Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 25th. Investors of record on Friday, June 5th were given a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a yield of 23.0%. Silvercorp Metals’s dividend payout ratio is 8.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Silvercorp Metals by 163.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after purchasing an additional 3,929 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Silvercorp Metals in the third quarter valued at $57,000. Employees Retirement System of Texas acquired a new position in Silvercorp Metals during the fourth quarter worth $61,000. TD Waterhouse Canada Inc. increased its holdings in Silvercorp Metals by 22.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock worth $62,000 after buying an additional 1,374 shares during the last quarter. Finally, State of Wyoming bought a new stake in Silvercorp Metals during the first quarter worth $64,000. 22.30% of the stock is currently owned by institutional investors.

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.