Silvercorp Metals (NYSEAMERICAN:SVM) Trading Down 3.4% - Here's Why

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) dropped 3.4% on Friday . The company traded as low as $4.14 and last traded at $4.17. Approximately 1,903,055 shares traded hands during trading, a decline of 67% from the average daily volume of 5,802,540 shares. The stock had previously closed at $4.32.

Analysts Set New Price Targets

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

Silvercorp Metals Trading Down 3.4%

The company has a current ratio of 4.61, a quick ratio of 4.35 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $3.74 and a two-hundred day moving average of $3.72. The company has a market capitalization of $908.98 million, a PE ratio of 11.60 and a beta of 1.20.

Silvercorp Metals Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, June 26th. Investors 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 is Friday, June 6th. Silvercorp Metals's dividend payout ratio is currently 8.33%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tidal Investments LLC increased its stake in shares of Silvercorp Metals by 17.8% during the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company's stock valued at $22,668,000 after buying an additional 1,143,210 shares during the period. Renaissance Technologies LLC boosted its stake in Silvercorp Metals by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock worth $17,336,000 after purchasing an additional 1,025,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 valued at $21,203,000 after buying an additional 576,767 shares during the last quarter. Citigroup Inc. boosted its stake in Silvercorp Metals by 8,416.5% during the 1st quarter. Citigroup Inc. now owns 3,573,536 shares of the company's stock valued at $13,780,000 after purchasing an additional 3,531,576 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Silvercorp Metals by 37.4% in the 4th 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 during 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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