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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s share price was down 2.5% during mid-day trading on Wednesday . The stock traded as low as $3.07 and last traded at $3.08. Approximately 1,020,520 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 2,988,724 shares. The stock had previously closed at $3.16.

Silvercorp Metals Trading Up 1.3 %

The firm has a market capitalization of $696.19 million, a P/E ratio of 10.67 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, topping 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 firm had revenue of $68.00 million during the quarter, compared to analysts' expectations of $67.90 million. On average, equities analysts predict that Silvercorp Metals Inc. will post 0.34 EPS for the current year.

Silvercorp Metals Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals's payout ratio is 10.00%.

Institutional Investors Weigh In On Silvercorp Metals

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Silvercorp Metals by 563.7% in the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company's stock valued at $29,000 after acquiring an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Silvercorp Metals during the 3rd quarter worth approximately $32,000. Zacks Investment Management bought a new stake in shares of Silvercorp Metals during the 3rd quarter worth approximately $46,000. International Assets Investment Management LLC acquired a new stake in shares of Silvercorp Metals in the 3rd quarter valued at approximately $46,000. Finally, Signaturefd LLC grew its stake in shares of Silvercorp Metals by 54.7% in the third quarter. Signaturefd LLC now owns 13,112 shares of the company's stock valued at $57,000 after buying an additional 4,635 shares in the last quarter. Institutional investors own 22.30% of the company's stock.

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.