Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Stock Has Consensus Price Target of $14.00

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.00.

SVM has been the topic of several recent research reports. Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a report on Monday, June 15th. Zacks Research lowered shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Roth Capital restated a “buy” rating and issued a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th.

Silvercorp Metals Trading Up 0.7%

Shares of Silvercorp Metals stock opened at $10.83 on Wednesday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 90.26 and a beta of 1.22. The business has a 50-day moving average price of $11.57 and a 200-day moving average price of $11.42. The company has a quick ratio of 3.46, a current ratio of 3.51 and a debt-to-equity ratio of 0.10. Silvercorp Metals has a twelve month low of $5.95 and a twelve month high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $138.67 million for the quarter, compared to the consensus estimate of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same period in the previous year, the business earned $0.08 earnings per share. Equities research analysts anticipate that Silvercorp Metals will post 0.67 EPS for the current fiscal year.

Institutional Trading of Silvercorp Metals

A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its position in shares of Silvercorp Metals by 125.6% during the 2nd quarter. Van ECK Associates Corp now owns 15,941,612 shares of the company’s stock valued at $161,025,000 after buying an additional 8,875,001 shares in the last quarter. BlackRock Inc. bought a new stake in Silvercorp Metals in the second quarter worth $42,564,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Silvercorp Metals in the second quarter worth $39,719,000. Alps Advisors Inc. boosted its stake in Silvercorp Metals by 47.6% during the fourth quarter. Alps Advisors Inc. now owns 3,767,118 shares of the company’s stock worth $31,418,000 after buying an additional 1,214,356 shares during the period. Finally, Renaissance Technologies LLC increased its position in Silvercorp Metals by 14.1% during the first quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company’s stock valued at $30,205,000 after acquiring an additional 348,000 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. Its primary products include silver, lead and zinc, with gold also produced or contained in certain deposits.

The company has historically operated mines in China, including the Ying Mining District in Henan province, the GC mine in Guangdong province and the BYP gold-lead-zinc mine. Silvercorp’s activities have included underground mining, mineral processing and exploration aimed at extending mine life and expanding its resource base.

Silvercorp has also expanded its international portfolio through projects in Ecuador, including the El Domo-Curipamba project and the Condor gold project.