Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares gapped down before the market opened on Friday . The stock had previously closed at $6.87, but opened at $6.37. Silvercorp Metals shares last traded at $6.7370, with a volume of 1,376,324 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SVM shares. Cantor Fitzgerald set a $7.50 target price on shares of Silvercorp Metals and gave the company an “overweight” rating in a report on Monday, September 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a report on Friday, October 10th. Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Roth Capital set a $8.25 target price on Silvercorp Metals and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Silvercorp Metals Price Performance

The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 26.25 and a beta of 0.86. The business has a 50-day moving average price of $6.25 and a two-hundred day moving average price of $4.99. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.13.

Silvercorp Metals Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a $0.0125 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a yield of 40.0%. Silvercorp Metals’s dividend payout ratio (DPR) is presently 8.33%.

Institutional Trading of Silvercorp Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 worth $329,000 after purchasing an additional 2,581 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Silvercorp Metals by 14.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock worth $187,000 after buying 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 buying an additional 3,929 shares during the last quarter. TD Asset Management Inc raised its position in Silvercorp Metals by 1.9% in the 1st quarter. TD Asset Management Inc now owns 228,334 shares of the company’s stock valued at $880,000 after buying an additional 4,342 shares during the last quarter. Finally, Sprott Inc. lifted its stake in Silvercorp Metals by 0.4% during the 3rd quarter. Sprott Inc. now owns 1,301,082 shares of the company’s stock valued at $8,212,000 after acquiring an additional 4,732 shares in the last quarter. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.