Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down to $3.36

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) gapped down prior to trading on Wednesday . The stock had previously closed at $3.36, but opened at $3.29. Silvercorp Metals shares last traded at $3.34, with a volume of 211,888 shares traded.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and set a $6.00 price target (up previously from $5.75) on shares of Silvercorp Metals in a research note on Tuesday, May 28th.

Silvercorp Metals Trading Up 0.3 %

The company has a market capitalization of $598.75 million, a price-to-earnings ratio of 15.27 and a beta of 1.31.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Silvercorp Metals had a return on equity of 6.71% and a net margin of 16.87%. The company had revenue of $42.68 million during the quarter, compared to analysts’ expectations of $38.50 million. As a group, research analysts expect that Silvercorp Metals Inc. will post 0.28 earnings per share for the current fiscal year.

Silvercorp Metals Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 7th were given a $0.0125 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 7th. Silvercorp Metals’s dividend payout ratio (DPR) is presently 15.00%.

Institutional Trading of Silvercorp Metals

A number of institutional investors and hedge funds have recently modified their holdings of SVM. Dynamic Technology Lab Private Ltd boosted its stake in Silvercorp Metals by 77.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after purchasing an additional 11,546 shares during the last quarter. PFG Investments LLC acquired a new position in Silvercorp Metals during the first quarter worth about $40,000. Evergreen Capital Management LLC purchased a new stake in Silvercorp Metals during the 3rd quarter valued at about $39,000. PEAK6 Investments LLC acquired a new stake in Silvercorp Metals in the 3rd quarter valued at about $46,000. Finally, Sprott Inc. lifted its stake in Silvercorp Metals by 4.7% in the 4th quarter. Sprott Inc. now owns 994,445 shares of the company’s stock worth $2,595,000 after purchasing an additional 44,754 shares in the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.