Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 4.9% - Time to Sell?

Key Points

• Silvercorp Metals' shares fell 4.9%, trading as low as $5.10, significantly below the previous close of $5.39.
• Analysts have mixed views on the stock, with Zacks downgrading it to a "hold," while Roth Capital maintains a "buy" rating with a target price increase to $6.75.
• Institutional investors increased their stake in Silvercorp Metals, with notable increases from Caitong International Asset Management, which raised its position by 419.2% in the second quarter.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares dropped 4.9% during mid-day trading on Tuesday . The stock traded as low as $5.10 and last traded at $5.13. Approximately 2,545,274 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 5,823,723 shares. The stock had previously closed at $5.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Raymond James Financial reissued an "outperform" rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Finally, Roth Capital restated a "buy" rating and set a $6.75 target price (up from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $6.75.

Silvercorp Metals Stock Performance

The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 19.87 and a beta of 0.85. The stock has a 50-day moving average price of $4.72 and a 200 day moving average price of $4.18. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.13.

Institutional Trading of Silvercorp Metals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its position in Silvercorp Metals by 419.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company's stock worth $31,000 after purchasing an additional 5,839 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals in the 4th quarter valued at $30,000. PNC Financial Services Group Inc. acquired a new position in shares of Silvercorp Metals during the first quarter worth about $39,000. Welch Group LLC purchased a new stake in shares of Silvercorp Metals during the 1st quarter valued at about $44,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Silvercorp Metals during the second quarter valued at approximately $50,000. Institutional investors and hedge funds 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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