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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.00.

Several equities analysts recently weighed in on SVM shares. Zacks Research lowered shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. National Bank Financial began coverage on shares of Silvercorp Metals in a research report on Thursday, October 8th. They issued a “hold” rating on the stock. Finally, Roth Capital reaffirmed a “buy” rating and issued a $14.00 price objective (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th.

Institutional Investors Weigh In On Silvercorp Metals

Several large investors have recently modified their holdings of SVM. Van ECK Associates Corp raised its holdings in shares of 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. BlackRock Inc. purchased a new position in Silvercorp Metals in the second quarter valued at approximately $42,564,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Silvercorp Metals in the second quarter valued at approximately $39,719,000. Renaissance Technologies LLC lifted its stake in Silvercorp Metals by 14.1% in the first quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company’s stock valued at $30,205,000 after purchasing an additional 348,000 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in Silvercorp Metals during the second quarter valued at $19,180,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Down 7.9%

Shares of NYSEAMERICAN:SVM opened at $8.62 on Friday. Silvercorp Metals has a 1 year low of $5.95 and a 1 year high of $15.77. The company has a market capitalization of $1.91 billion, a PE ratio of 71.84 and a beta of 1.19. The business has a fifty day moving average price of $11.41 and a two-hundred day moving average price of $11.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46.

Silvercorp Metals (NYSEAMERICAN:SVM) last released 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 analysts’ expectations 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 posted $0.08 EPS. Analysts forecast that Silvercorp Metals will post 0.63 earnings per share for the current year.

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. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.