Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Free Report)’s share price gapped down before the market opened on Wednesday after Roth Mkm lowered their price target on the stock from $6.00 to $5.10. The stock had previously closed at $3.90, but opened at $3.81. Roth Mkm currently has a buy rating on the stock. Silvercorp Metals shares last traded at $3.81, with a volume of 110,784 shares.
Institutional Investors Weigh In On Silvercorp Metals
A number of hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new stake in shares of Silvercorp Metals in the 2nd quarter valued at about $254,000. Toronto Dominion Bank lifted its position in Silvercorp Metals by 56.3% in the second quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock valued at $51,000 after purchasing an additional 5,435 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Silvercorp Metals by 96.9% during the second quarter. Cubist Systematic Strategies LLC now owns 32,122 shares of the company’s stock valued at $107,000 after purchasing an additional 15,807 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Silvercorp Metals in the second quarter worth approximately $157,000. Finally, Renaissance Technologies LLC increased its stake in shares of Silvercorp Metals by 2.4% in the second quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company’s stock worth $15,577,000 after buying an additional 110,200 shares during the period. 22.30% of the stock is currently owned by institutional investors.
Silvercorp Metals Trading Down 0.3 %
The firm has a market cap of $842.15 million, a P/E ratio of 19.45 and a beta of 1.26.
Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $72.17 million for the quarter, compared to the consensus estimate of $72.00 million. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. On average, equities analysts expect that Silvercorp Metals Inc. will post 0.23 EPS for the current year.
Silvercorp Metals Dividend Announcement
The business also recently announced a semi-annual dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 7th were paid a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 7th. Silvercorp Metals’s payout ratio is 15.00%.
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.