Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 3.4% - Here's What Happened

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

Analyst Upgrades and Downgrades

Separately, Roth Capital reissued a "buy" rating and set a $6.25 price objective (up from $6.00) on shares of Silvercorp Metals in a research report on Tuesday, May 27th.

Silvercorp Metals Stock Up 5.0%

The business has a 50-day moving average of $3.75 and a 200-day moving average of $3.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61. The stock has a market capitalization of $953.61 million, a price-to-earnings ratio of 12.17 and a beta of 1.20.

Silvercorp Metals Dividend Announcement

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

Institutional Trading of Silvercorp Metals

Several hedge funds have recently made changes to their positions in the business. Pictet Asset Management Holding SA raised its holdings in Silvercorp Metals by 9.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company's stock valued at $109,000 after acquiring an additional 3,266 shares in the last quarter. Geode Capital Management LLC raised its holdings in Silvercorp Metals by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 104,899 shares of the company's stock valued at $315,000 after acquiring an additional 4,104 shares in the last quarter. TD Asset Management Inc raised its holdings in Silvercorp Metals by 1.9% in the first 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. Aigen Investment Management LP raised its holdings in Silvercorp Metals by 21.4% in the fourth quarter. Aigen Investment Management LP now owns 31,635 shares of the company's stock valued at $95,000 after acquiring an additional 5,579 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Silvercorp Metals by 3.0% in the fourth 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. 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.