Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Down 2.5% – Time to Sell?

by · The Cerbat Gem

Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Free Report) fell 2.5% during trading on Wednesday . The stock traded as low as $4.74 and last traded at $4.76. 955,542 shares changed hands during trading, a decline of 51% from the average session volume of 1,962,254 shares. The stock had previously closed at $4.88.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on SVM

Silvercorp Metals Trading Up 7.4 %

The stock has a market capitalization of $1.10 billion, a PE ratio of 18.89 and a beta of 1.35.

Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. The firm had revenue of $72.17 million during the quarter, compared to analysts’ expectations of $72.00 million. On average, equities analysts anticipate that Silvercorp Metals Inc. will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Rathbones Group PLC boosted its position in shares of Silvercorp Metals by 27.4% during the second quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock valued at $57,000 after buying an additional 3,690 shares during the last quarter. Creative Planning boosted its holdings in Silvercorp Metals by 10.9% during the 3rd quarter. Creative Planning now owns 47,234 shares of the company’s stock worth $206,000 after acquiring an additional 4,659 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Silvercorp Metals by 56.3% during 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 in the last quarter. Blue Trust Inc. boosted its holdings in Silvercorp Metals by 563.7% during the third quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after purchasing an additional 5,626 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Silvercorp Metals by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,125,635 shares of the company’s stock worth $3,768,000 after purchasing an additional 9,300 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

(Get Free Report)

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.

Further Reading