Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down to $3.36

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $3.36, but opened at $3.29. Silvercorp Metals shares last traded at $3.34, with a volume of 211,888 shares.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and set a $6.00 price objective (up from $5.75) on shares of Silvercorp Metals in a research note on Tuesday, May 28th.

Silvercorp Metals Trading Down 0.9 %

The stock has a market cap of $591.64 million, a P/E ratio of 15.27 and a beta of 1.31.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Thursday, May 23rd. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $42.68 million for the quarter, compared to the consensus estimate of $38.50 million. Silvercorp Metals had a net margin of 16.87% and a return on equity of 6.71%. As a group, sell-side analysts predict that Silvercorp Metals Inc. will post 0.28 EPS for the current fiscal year.

Silvercorp Metals Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 7th will be given a dividend of $0.0125 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a yield of 0.6%. Silvercorp Metals’s payout ratio is currently 15.00%.

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds have recently modified their holdings of the business. Aigen Investment Management LP boosted its stake in Silvercorp Metals by 115.1% during the third quarter. Aigen Investment Management LP now owns 36,248 shares of the company’s stock worth $85,000 after buying an additional 19,398 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of Silvercorp Metals in the 3rd quarter valued at approximately $46,000. Evergreen Capital Management LLC acquired a new position in shares of Silvercorp Metals in the 3rd quarter worth approximately $39,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Silvercorp Metals by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company’s stock valued at $11,697,000 after buying an additional 100,973 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in Silvercorp Metals in the fourth quarter valued at $260,000. 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.