Silvercorp Metals (TSE:SVM) Stock Price Down 16.8% – Should You Sell?

Silvercorp Metals Inc. (TSE:SVM) shares were down 16.8% on Wednesday . The company traded as low as C$4.68 and last traded at C$4.71. Approximately 756,055 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 419,949 shares. The stock had previously closed at C$5.66.

Analysts Set New Price Targets

Several equities analysts recently commented on SVM shares. BMO Capital Markets increased their price objective on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th. Raymond James lifted their price target on Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st.

Silvercorp Metals Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. The company’s 50-day moving average price is C$6.09 and its two-hundred day moving average price is C$5.35. The company has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.03 and a beta of 1.15.

Silvercorp Metals Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.017 dividend. The ex-dividend date is Friday, November 29th. Silvercorp Metals’s payout ratio is currently 8.11%.

Insider Activity at Silvercorp Metals

In related news, Director Yikang Liu sold 3,800 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total transaction of C$312,531.38. Insiders have sold 112,893 shares of company stock worth $639,929 in the last quarter. Company insiders own 3.67% 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. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.