Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Down 4.6% – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares traded down 4.6% on Tuesday. The stock traded as low as $9.18 and last traded at $9.3240. 461,512 shares traded hands during trading, a decline of 89% from the average session volume of 4,018,480 shares. The stock had previously closed at $9.77.

Analyst Ratings Changes

SVM has been the subject of a number of research analyst reports. National Bank Financial began coverage on shares of Silvercorp Metals in a report on Thursday, October 8th. They issued a “hold” rating for the company. Roth Capital reiterated a “buy” rating and set a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Finally, Zacks Research lowered Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Silvercorp Metals Trading Up 1.1%

The firm has a market cap of $2.07 billion, a PE ratio of 78.01 and a beta of 1.19. The business has a 50-day moving average price of $11.47 and a two-hundred day moving average price of $11.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $138.67 million during the quarter, compared to the consensus estimate of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%. During the same quarter in the previous year, the company posted $0.08 EPS. Analysts forecast that Silvercorp Metals Inc. will post 0.69 EPS for the current year.

Institutional Trading of Silvercorp Metals

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Silvercorp Metals by 125.6% in the second quarter. Van ECK Associates Corp now owns 15,941,612 shares of the company’s stock valued at $161,025,000 after purchasing an additional 8,875,001 shares during the last quarter. BlackRock Inc. acquired a new stake in Silvercorp Metals in the 2nd quarter worth about $42,564,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Silvercorp Metals in the 2nd quarter worth about $39,719,000. Renaissance Technologies LLC grew its holdings in Silvercorp Metals by 14.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company’s stock valued at $30,205,000 after buying an additional 348,000 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Silvercorp Metals in the 2nd quarter valued at about $19,180,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.