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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price traded down 9.9% during mid-day trading on Friday . The stock traded as low as $11.21 and last traded at $11.1260. 943,149 shares traded hands 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.

Analyst Ratings Changes

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. Four research 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, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.

Silvercorp Metals Stock Down 11.9%

The firm has a 50-day moving average price of $12.24 and a 200 day moving average price of $10.73. 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 cap of $2.41 billion, a price-to-earnings ratio of -271.81 and a beta of 1.08.

Silvercorp Metals Announces Dividend

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

Hedge Funds Weigh In On Silvercorp Metals

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC grew its position in shares of Silvercorp Metals by 24.2% in the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock valued at $69,306,000 after purchasing an additional 2,138,301 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Silvercorp Metals by 238.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock worth $77,244,000 after buying an additional 6,511,389 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Silvercorp Metals by 38.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after buying an additional 2,534,155 shares in the last quarter. Van ECK Associates Corp grew its position in Silvercorp Metals by 29.6% during the fourth quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company’s stock worth $57,097,000 after buying an additional 1,562,525 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in Silvercorp Metals during the fourth quarter worth approximately $35,248,000. 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.