Analysts Set Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Target Price at $10.00

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $10.00.

Separately, Roth Mkm reiterated a “neutral” rating and issued a $12.50 price objective on shares of Silvercorp Metals in a report on Monday, April 20th.

Institutional Investors Weigh In On Silvercorp Metals

Several large investors have recently bought and sold shares of SVM. Royal Bank of Canada increased its holdings in Silvercorp Metals by 31.6% in the 1st quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock worth $1,720,000 after buying an additional 106,813 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Silvercorp Metals in the 1st quarter worth about $97,000. Goldman Sachs Group Inc. increased its holdings in Silvercorp Metals by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock worth $3,273,000 after buying an additional 28,803 shares in the last quarter. Jane Street Group LLC increased its holdings in Silvercorp Metals by 91.4% in the 1st quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock worth $396,000 after buying an additional 48,854 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Silvercorp Metals by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 123,058 shares of the company’s stock worth $519,000 after buying an additional 6,637 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Price Performance

SVM opened at $11.95 on Thursday. The stock has a 50-day moving average price of $11.90 and a 200-day moving average price of $10.48. The firm has a market cap of $2.64 billion, a PE ratio of -170.69 and a beta of 1.08. Silvercorp Metals has a 1 year low of $3.78 and a 1 year high of $15.77.

Silvercorp Metals Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, June 5th will be issued a $0.0125 dividend. This represents a yield of 21.0%. The ex-dividend date is Friday, June 5th. Silvercorp Metals’s dividend payout ratio (DPR) is presently 8.33%.

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.