Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Down 7.2% - Here's Why

Key Points

• Silvercorp Metals shares dropped 7.2% during mid-day trading, closing at $4.48 after a low of $4.32, with trading volume significantly down by 62% from average levels.
• Analysts have mixed opinions; while Raymond James reiterated an "outperform" rating, Roth Capital raised their target price to $6.75, indicating potential for recovery.
• The company recently declared a semi-annual dividend of $0.0125 per share, representing a 60% yield, with a payout ratio of 8.33% for shareholders.

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) traded down 7.2% during trading on Friday . The stock traded as low as $4.32 and last traded at $4.48. 2,271,819 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 5,933,474 shares. The stock had previously closed at $4.82.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SVM. Roth Capital restated a "buy" rating and issued a $6.75 price objective (up from $6.25) on shares of Silvercorp Metals in a research note on Tuesday, July 1st. Raymond James Financial restated an "outperform" rating on shares of Silvercorp Metals in a research note on Thursday, August 7th.

Silvercorp Metals Price Performance

The stock's 50 day moving average price is $4.50 and its two-hundred day moving average price is $3.87. 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 firm has a market capitalization of $999.82 million, a price-to-earnings ratio of 17.60 and a beta of 0.92.

Silvercorp Metals Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, June 6th were issued a $0.0125 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 60.0%. Silvercorp Metals's dividend payout ratio is 8.33%.

Institutional Trading of Silvercorp Metals

A number of hedge funds have recently bought and sold shares of SVM. Public Employees Retirement System of Ohio increased its position in shares of Silvercorp Metals by 3.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company's stock worth $329,000 after purchasing an additional 2,581 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Silvercorp Metals by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 104,899 shares of the company's stock worth $315,000 after purchasing an additional 4,104 shares in the last quarter. TD Asset Management Inc increased its position in Silvercorp Metals by 1.9% in the 1st quarter. TD Asset Management Inc now owns 228,334 shares of the company's stock valued at $880,000 after acquiring an additional 4,342 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Silvercorp Metals by 22.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,779 shares of the company's stock valued at $109,000 after acquiring an additional 4,790 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Silvercorp Metals by 3.0% in the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company's stock valued at $588,000 after acquiring an additional 5,765 shares in the last quarter. 22.30% of the stock is owned by institutional investors.

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.