Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down – Time to Sell?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares gapped down before the market opened on Friday . The stock had previously closed at $6.87, but opened at $6.37. Silvercorp Metals shares last traded at $6.7370, with a volume of 1,376,324 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Cantor Fitzgerald set a $7.50 price objective on Silvercorp Metals and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Zacks Research cut Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Roth Capital set a $8.25 target price on shares of Silvercorp Metals and gave the stock a “buy” rating in a research note on Friday, October 3rd. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research report on Thursday, September 25th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.88.

Silvercorp Metals Stock Performance

The company has a fifty day moving average price of $6.25 and a two-hundred day moving average price of $4.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50. The company has a market capitalization of $1.49 billion, a P/E ratio of 26.25 and a beta of 0.86.

Silvercorp Metals Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.0125 per share. This represents a dividend yield of 40.0%. The ex-dividend date is Friday, November 28th. Silvercorp Metals’s payout ratio is 8.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position 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 buying an additional 2,581 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Silvercorp Metals by 14.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock worth $187,000 after acquiring an additional 3,745 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Silvercorp Metals by 163.4% in the third quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after acquiring an additional 3,929 shares during the period. TD Asset Management Inc boosted 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 during the last quarter. Finally, Sprott Inc. boosted its holdings in Silvercorp Metals by 0.4% in the third quarter. Sprott Inc. now owns 1,301,082 shares of the company’s stock valued at $8,212,000 after acquiring an additional 4,732 shares during the last quarter. 22.30% of the stock is owned by institutional investors.

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.