Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 3.2% - Here's What Happened

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

Analyst Upgrades and Downgrades

Separately, Roth Capital reissued 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 Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 5.05 and a quick ratio of 4.95. The company has a market capitalization of $948.95 million, a PE ratio of 14.56 and a beta of 1.01. The firm's fifty day simple moving average is $3.86 and its 200 day simple moving average is $3.73.

Silvercorp Metals Dividend Announcement

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

Hedge Funds Weigh In On Silvercorp Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in Silvercorp Metals by 17.8% during the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company's stock worth $22,668,000 after buying an additional 1,143,210 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Silvercorp Metals by 21.6% during the fourth quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock worth $17,336,000 after buying an additional 1,025,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Silvercorp Metals by 11.7% during the first 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 in the last quarter. Citigroup Inc. boosted its holdings in Silvercorp Metals by 8,416.5% during the first quarter. Citigroup Inc. now owns 3,573,536 shares of the company's stock worth $13,780,000 after buying an additional 3,531,576 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Silvercorp Metals by 37.4% during the fourth quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company's stock worth $7,333,000 after buying an additional 664,806 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.

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