Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down - Time to Sell?

Key Points

• Silvercorp Metals shares fell 4.2%, opening at $9.96 versus the prior close of $10.51, and last traded near $10.04—below both its 50-day and 200-day moving averages.
• Analyst sentiment remains relatively positive: four analysts rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus with a $14.00 price target, despite Zacks Research downgrading it to Hold.
• The company met quarterly EPS expectations at $0.21 and reported $138.67 million in revenue, while institutional investors own 22.3% of the stock and have recently initiated several positions.

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 $10.51, but opened at $9.96. Silvercorp Metals shares last traded at $10.0430, with a volume of 404,965 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on SVM shares. Zacks Research cut Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Roth Capital reaffirmed a "buy" rating and set a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group raised shares of Silvercorp Metals to a "buy" rating in a research report on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Silvercorp Metals has an average rating of "Moderate Buy" and a consensus price target of $14.00.

Silvercorp Metals Trading Down 4.2%

The business's 50-day moving average price is $11.66 and its 200 day moving average price is $11.41. The company has a market cap of $2.23 billion, a P/E ratio of 83.97 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 - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The company had revenue of $138.67 million for the quarter, compared to analysts' expectations of $138.70 million. During the same period in the prior year, the firm earned $0.08 EPS. As a group, analysts expect that Silvercorp Metals Inc. will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SVM. State of Wyoming acquired a new stake in Silvercorp Metals during the 2nd quarter valued at $47,000. Banque Cantonale Vaudoise bought a new position in shares of Silvercorp Metals in the first quarter valued at about $69,000. Leonteq Securities AG bought a new position in shares of Silvercorp Metals in the first quarter valued at about $79,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Silvercorp Metals in the fourth quarter valued at about $82,000. Finally, Ieq Capital LLC acquired a new stake in shares of Silvercorp Metals during the 2nd quarter worth about $101,000. 22.30% of the stock is owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, development, and operation of precious- and base-metal properties. The company primarily produces silver, lead, and zinc, with revenue generated from the sale of concentrates produced at its mines.

Silvercorp's principal operating assets are located in China, including the Ying Mining District in Henan Province and the GC Mine in Guangdong Province. Its activities include underground mining, mineral processing, exploration, and project development.

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