Silvercorp Metals (NYSEAMERICAN:SVM) Shares Down 2.5% – What’s Next?

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) fell 2.5% on Wednesday . The stock traded as low as $3.07 and last traded at $3.08. 1,020,520 shares traded hands 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 cap of $687.49 million, a PE ratio of 10.53 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, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $67.90 million. As a group, equities analysts forecast that Silvercorp Metals Inc. will post 0.34 earnings per share for the current year.

Silvercorp Metals Cuts Dividend

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

Institutional Investors Weigh In On Silvercorp Metals

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Silvercorp Metals during the third quarter worth about $682,000. Franklin Resources Inc. purchased a new stake in shares of Silvercorp Metals during the 3rd quarter valued at approximately $860,000. Van ECK Associates Corp lifted its stake in shares of Silvercorp Metals by 153.8% during the 3rd quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock valued at $105,689,000 after buying an additional 13,399,851 shares in the last quarter. Barclays PLC grew its stake in Silvercorp Metals by 2,712.3% in the 3rd quarter. Barclays PLC now owns 44,997 shares of the company’s stock valued at $197,000 after buying an additional 43,397 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in Silvercorp Metals by 1,092.1% in the 3rd quarter. XTX Topco Ltd now owns 216,511 shares of the company’s stock valued at $946,000 after buying an additional 198,349 shares in the last quarter. 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.