Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 8.9% – Should You Sell?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price fell 8.9% on Friday . The stock traded as low as $4.13 and last traded at $4.18. 1,153,388 shares changed hands during trading, a decline of 44% from the average session volume of 2,062,068 shares. The stock had previously closed at $4.59.

Wall Street Analyst Weigh In

Separately, Roth Mkm dropped their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a research report on Wednesday, August 21st.

Silvercorp Metals Price Performance

The stock has a market cap of $878.57 million, a P/E ratio of 15.70 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Silvercorp Metals had a net margin of 21.57% and a return on equity of 7.95%. The business had revenue of $72.17 million during the quarter, compared to the consensus estimate of $72.00 million. As a group, equities analysts expect that Silvercorp Metals Inc. will post 0.34 EPS for the current year.

Hedge Funds Weigh In On Silvercorp Metals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Silvercorp Metals by 563.7% during the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after purchasing an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Silvercorp Metals during the third quarter worth $32,000. First Heartland Consultants Inc. bought a new stake in Silvercorp Metals in the 2nd quarter valued at $34,000. International Assets Investment Management LLC bought a new stake in Silvercorp Metals in the 3rd quarter valued at $46,000. Finally, Toronto Dominion Bank increased its holdings in Silvercorp Metals by 56.3% during the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after purchasing an additional 5,435 shares in the last quarter. 22.30% of the stock is owned by institutional investors.

About Silvercorp Metals

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.