Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Down 3%

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares fell 3% on Friday . The company traded as low as $3.82 and last traded at $3.84. 578,541 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,716,619 shares. The stock had previously closed at $3.96.

Analyst Upgrades and Downgrades

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

Silvercorp Metals Trading Down 4.0 %

The company has a market cap of $822.70 million, a P/E ratio of 19.75 and a beta of 1.26.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $72.17 million during the quarter, compared to the consensus estimate of $72.00 million. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. As a group, equities analysts predict that Silvercorp Metals Inc. will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Silvercorp Metals

Institutional investors have recently added to or reduced their stakes in the company. First Heartland Consultants Inc. bought a new stake in Silvercorp Metals during the 2nd quarter valued at about $34,000. PFG Investments LLC bought a new stake in shares of Silvercorp Metals during the first quarter valued at approximately $40,000. Toronto Dominion Bank raised its holdings in Silvercorp Metals by 56.3% in the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after acquiring an additional 5,435 shares during the last quarter. Rathbones Group PLC raised its holdings in Silvercorp Metals by 27.4% in the 2nd quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock worth $57,000 after acquiring an additional 3,690 shares during the last quarter. Finally, Williams & Novak LLC bought a new position in Silvercorp Metals in the 2nd quarter valued at approximately $61,000. 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.