Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 6.2% - Time to Sell?

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) traded down 6.2% on Tuesday . The stock traded as low as $4.55 and last traded at $4.55. 4,920,388 shares were traded during mid-day trading, an increase of 9% from the average session volume of 4,524,109 shares. The stock had previously closed at $4.85.

Wall Street Analyst Weigh In

Separately, Roth Capital reiterated a "buy" rating and set a $6.75 price target (up previously from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st.

Silvercorp Metals Stock Up 5.8%

The firm's 50-day simple moving average is $4.09 and its 200 day simple moving average is $3.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.95 and a current ratio of 5.05. The company has a market cap of $1.11 billion, a P/E ratio of 17.03 and a beta of 1.01.

Silvercorp Metals Announces Dividend

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

Hedge Funds Weigh In On Silvercorp Metals

Several institutional investors have recently modified their holdings of the stock. First Heartland Consultants Inc. bought a new position in Silvercorp Metals during the fourth quarter worth about $30,000. PNC Financial Services Group Inc. bought a new position in shares of Silvercorp Metals during the 1st quarter valued at about $39,000. Welch Group LLC bought a new position in shares of Silvercorp Metals during the 1st quarter valued at about $44,000. Prudential Financial Inc. acquired a new position in shares of Silvercorp Metals in the 4th quarter valued at approximately $46,000. Finally, Tradition Wealth Management LLC bought a new stake in Silvercorp Metals during the 4th quarter worth approximately $46,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

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.