Silvercorp Metals (NYSEAMERICAN:SVM) Trading Down 2.5% – Here’s What Happened

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares fell 2.5% on Wednesday . The stock traded as low as $3.07 and last traded at $3.08. 1,020,520 shares were traded during mid-day trading, a decline of 66% from the average session volume of 2,988,724 shares. The stock had previously closed at $3.16.

Silvercorp Metals Price Performance

The company has a market capitalization of $670.52 million, a price-to-earnings ratio of 10.27 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The company had revenue of $68.00 million for the quarter, compared to the consensus estimate of $67.90 million. On average, analysts anticipate that Silvercorp Metals Inc. will post 0.34 earnings per share for the current year.

Silvercorp Metals Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals’s dividend payout ratio (DPR) is 10.00%.

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds have recently modified their holdings of SVM. 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 buying an additional 5,626 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Silvercorp Metals during the third quarter worth about $32,000. International Assets Investment Management LLC acquired a new position in shares of Silvercorp Metals in the third quarter worth about $46,000. Zacks Investment Management acquired a new position in shares of Silvercorp Metals in the third quarter worth about $46,000. Finally, Toronto Dominion Bank boosted its holdings 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. 22.30% of the stock is currently owned by hedge funds and other 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.