Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Down 5.4%

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price was down 5.4% on Monday . The stock traded as low as $4.36 and last traded at $4.39. Approximately 701,077 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 1,954,672 shares. The stock had previously closed at $4.64.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their price objective on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a research note on Wednesday, August 21st.

Silvercorp Metals Trading Down 6.0 %

The firm has a market cap of $945.12 million, a price-to-earnings ratio of 21.80 and a beta of 1.34.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $72.00 million. On average, research analysts expect that Silvercorp Metals Inc. will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On Silvercorp Metals

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC grew its stake in shares of Silvercorp Metals by 96.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,122 shares of the company’s stock worth $107,000 after purchasing an additional 15,807 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Silvercorp Metals in the second quarter valued at $254,000. Toronto Dominion Bank increased its holdings in shares of 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 buying an additional 5,435 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Silvercorp Metals during the 2nd quarter valued at $157,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Silvercorp Metals by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company’s stock worth $15,577,000 after acquiring an additional 110,200 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.

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.