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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price fell 4.6% during mid-day trading on Tuesday. The company traded as low as $9.18 and last traded at $9.3240. Approximately 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 Upgrades and Downgrades

Several equities research analysts recently commented on the company. Zacks Research cut Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. National Bank Financial began coverage on Silvercorp Metals in a report on Thursday, October 8th. They issued a “hold” rating for the company. Finally, Roth Capital reissued a “buy” rating and issued a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Silvercorp Metals Price Performance

The firm has a fifty day moving average price of $11.59 and a two-hundred day moving average price of $11.42. The stock has a market capitalization of $2.09 billion, a P/E ratio of 78.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51.

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 analysts’ consensus estimates of $0.21. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%. The firm had revenue of $138.67 million for the quarter, compared to the consensus estimate of $138.70 million. During the same period last year, the business posted $0.08 EPS. As a group, analysts expect that Silvercorp Metals Inc. will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SVM. Parvin Asset Management LLC grew its position in shares of Silvercorp Metals by 0.6% during the first quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock valued at $2,204,000 after purchasing an additional 1,175 shares in the last quarter. DGS Capital Management LLC increased its holdings in shares of Silvercorp Metals by 14.6% in the fourth quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock worth $216,000 after purchasing an additional 3,301 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Silvercorp Metals by 26.6% in the second quarter. TD Waterhouse Canada Inc. now owns 17,094 shares of the company’s stock worth $172,000 after purchasing an additional 3,594 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its holdings in shares of Silvercorp Metals by 4.2% in the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company’s stock worth $925,000 after purchasing an additional 3,700 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Silvercorp Metals in the second quarter worth about $47,000. Institutional investors own 22.30% of the company’s stock.

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.