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

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

Wall Street Analysts Forecast Growth

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

Silvercorp Metals Price Performance

The stock has a market cap of $591.64 million, a price-to-earnings ratio of 15.27 and a beta of 1.31.

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

Silvercorp Metals Dividend Announcement

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

Institutional Investors Weigh In On Silvercorp Metals

A number of large investors have recently modified their holdings of SVM. Evergreen Capital Management LLC acquired a new stake in shares of Silvercorp Metals during the 3rd quarter worth approximately $39,000. PFG Investments LLC purchased a new position in Silvercorp Metals in the first quarter valued at $40,000. PEAK6 Investments LLC acquired a new position in shares of Silvercorp Metals in the third quarter worth about $46,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of Silvercorp Metals by 77.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after acquiring an additional 11,546 shares in the last quarter. Finally, Aigen Investment Management LP grew its position in shares of Silvercorp Metals by 115.1% during the 3rd quarter. Aigen Investment Management LP now owns 36,248 shares of the company’s stock valued at $85,000 after acquiring an additional 19,398 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.