Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives $10.75 Consensus Price Target from Brokerages

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.75.

Several equities analysts have recently commented on the company. Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th. Roth Capital restated a “buy” rating and issued a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Finally, Zacks Research lowered Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th.

Institutional Investors Weigh In On Silvercorp Metals

Institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its position in Silvercorp Metals by 125.6% in the 2nd quarter. Van ECK Associates Corp now owns 15,941,612 shares of the company’s stock worth $161,025,000 after purchasing an additional 8,875,001 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Silvercorp Metals by 238.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock valued at $77,244,000 after buying an additional 6,511,389 shares during the period. BlackRock Inc. purchased a new stake in Silvercorp Metals during the second quarter valued at about $42,564,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Silvercorp Metals during the second quarter valued at about $39,719,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Silvercorp Metals by 38.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after buying an additional 2,534,155 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at $12.78 on Friday. Silvercorp Metals has a fifty-two week low of $4.81 and a fifty-two week high of $15.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51. The stock has a market cap of $2.83 billion, a P/E ratio of 106.51 and a beta of 1.22. The firm’s fifty day moving average price is $10.76 and its 200-day moving average price is $11.45.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The company had revenue of $138.67 million during the quarter, compared to analyst estimates of $138.70 million. During the same period in the previous year, the business earned $0.08 earnings per share. On average, equities research analysts expect that Silvercorp Metals will post 0.66 earnings per share for the current fiscal year.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low?cost, high?grade silver projects, producing concentrates that are sold to smelting partners under long?term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub?district mines, and the GC and HPG silver?lead?zinc projects in Guangxi Province.