Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares gapped down before the market opened 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on SVM shares. Roth Mkm set a $11.50 target price on shares of Silvercorp Metals in a research report on Wednesday, January 21st. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research note on Wednesday, January 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Silvercorp Metals Stock Down 16.8%

The firm’s fifty day moving average is $9.24 and its 200-day moving average is $6.89. The company has a market capitalization of $2.22 billion, a P/E ratio of 83.92 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.59.

Silvercorp Metals Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. bought a new stake in Silvercorp Metals during the 4th quarter worth approximately $35,248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Silvercorp Metals by 38.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock valued at $57,665,000 after acquiring an additional 2,534,155 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after purchasing an additional 2,138,301 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Silvercorp Metals in the third quarter worth $8,962,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Silvercorp Metals in the third quarter worth $8,547,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Company Profile

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.