Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Down 3.2% - Time to Sell?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares dropped 3.2% during trading on Wednesday . The company traded as low as $4.35 and last traded at $4.36. Approximately 2,202,918 shares changed hands during trading, a decline of 48% from the average daily volume of 4,259,462 shares. The stock had previously closed at $4.50.

Wall Street Analyst Weigh In

Separately, Roth Capital reiterated a "buy" rating and set a $6.25 price target (up previously from $6.00) on shares of Silvercorp Metals in a research report on Tuesday, May 27th.

Silvercorp Metals Stock Down 5.6%

The stock has a market capitalization of $887.26 million, a price-to-earnings ratio of 13.57 and a beta of 1.01. The company has a quick ratio of 4.95, a current ratio of 5.05 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $3.90 and a two-hundred day moving average of $3.73.

Silvercorp Metals Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, June 26th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 6th. Silvercorp Metals's dividend payout ratio is 8.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its position in shares of Silvercorp Metals by 91.4% in the 1st quarter. Jane Street Group LLC now owns 102,296 shares of the company's stock worth $396,000 after acquiring an additional 48,854 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Silvercorp Metals by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company's stock worth $3,273,000 after acquiring an additional 28,803 shares during the period. NewEdge Advisors LLC bought a new position in shares of Silvercorp Metals during the 1st quarter worth approximately $97,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Silvercorp Metals by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,498,383 shares of the company's stock worth $21,203,000 after buying an additional 576,767 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Silvercorp Metals by 156.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 79,266 shares of the company's stock worth $306,000 after buying an additional 48,413 shares during the period. Institutional investors and hedge funds own 22.30% of the company's stock.

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.