Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down to $4.04

Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.04, but opened at $3.93. Silvercorp Metals shares last traded at $3.96, with a volume of 277,855 shares traded.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their target price on Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th.

Get Our Latest Stock Analysis on Silvercorp Metals

Silvercorp Metals Stock Performance

The company has a market cap of $696.23 million, a price-to-earnings ratio of 23.12 and a beta of 1.24.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Silvercorp Metals in the first quarter worth $206,000. Tidal Investments LLC bought a new position in shares of Silvercorp Metals during the first quarter valued at about $17,619,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Silvercorp Metals by 4.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock valued at $15,226,000 after acquiring an additional 199,916 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of Silvercorp Metals by 367.1% during the first quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock valued at $3,807,000 after acquiring an additional 917,700 shares during the last quarter. Finally, PFG Investments LLC bought a new position in shares of Silvercorp Metals during the first quarter valued at about $40,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

About Silvercorp Metals

(Get Free Report)

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.

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