Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down – Here’s What Happened

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares gapped down prior to trading on Friday . The stock had previously closed at $12.10, but opened at $10.48. Silvercorp Metals shares last traded at $10.8450, with a volume of 1,526,132 shares changing hands.

Analyst Upgrades and Downgrades

SVM has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Finally, Roth Mkm set a $11.50 target price on shares of Silvercorp Metals in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Silvercorp Metals Stock Down 12.7%

The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 88.51 and a beta of 0.97. The business has a fifty day moving average of $9.17 and a 200 day moving average of $6.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.59 and a quick ratio of 4.50.

Silvercorp Metals Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.0125 per share. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 32.0%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

A number of large investors have recently bought and sold shares of SVM. Royal Bank of Canada increased its position in Silvercorp Metals by 31.6% during the first quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock worth $1,720,000 after buying an additional 106,813 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Silvercorp Metals during the 1st quarter worth about $97,000. Goldman Sachs Group Inc. increased its holdings in shares of Silvercorp Metals by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock valued at $3,273,000 after acquiring an additional 28,803 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Silvercorp Metals by 91.4% in the 1st quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock valued at $396,000 after acquiring an additional 48,854 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Silvercorp Metals by 3.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company’s stock valued at $329,000 after acquiring an additional 2,581 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.