Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down to $4.04

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.04, but opened at $3.93. Silvercorp Metals shares last traded at $3.96, with a volume of 277,855 shares traded.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their target price on Silvercorp Metals from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Wednesday, April 24th.

Silvercorp Metals Price Performance

The stock has a market capitalization of $685.57 million, a price-to-earnings ratio of 22.71 and a beta of 1.24.

Institutional Trading of Silvercorp Metals

A number of institutional investors and hedge funds have recently made changes to their positions in SVM. Tidal Investments LLC acquired a new stake in Silvercorp Metals in the 1st quarter valued at approximately $17,619,000. U S Global Investors Inc. boosted its stake in shares of Silvercorp Metals by 367.1% during the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company's stock worth $3,807,000 after acquiring an additional 917,700 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Silvercorp Metals by 8.2% during the 4th quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company's stock worth $23,949,000 after acquiring an additional 693,952 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Silvercorp Metals by 5.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company's stock worth $9,514,000 after acquiring an additional 219,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Silvercorp Metals by 4.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company's stock worth $15,226,000 after buying an additional 199,916 shares during the period. 22.30% of the stock is currently owned by institutional investors and hedge funds.

About Silvercorp Metals

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.