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

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

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

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at $11.34 on Wednesday. Silvercorp Metals has a 1-year low of $5.89 and a 1-year high of $15.77. The company has a market capitalization of $2.51 billion, a PE ratio of 94.51 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46. The business has a 50-day moving average of $11.50 and a 200-day moving average of $11.44.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The firm had revenue of $138.67 million for the quarter, compared to the consensus estimate of $138.70 million. During the same period in the prior year, the firm posted $0.08 EPS. As a group, equities analysts forecast that Silvercorp Metals will post 0.67 EPS for the current fiscal year.

Institutional Trading of Silvercorp Metals

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in Silvercorp Metals by 18.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock worth $63,000 after acquiring an additional 1,170 shares during the last quarter. Parvin Asset Management LLC boosted its stake in Silvercorp Metals by 0.6% in the first quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock valued at $2,204,000 after acquiring an additional 1,175 shares during the period. DGS Capital Management LLC grew its holdings in shares of Silvercorp Metals by 14.6% during the fourth quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after purchasing an additional 3,301 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Silvercorp Metals by 26.6% during the second quarter. TD Waterhouse Canada Inc. now owns 17,094 shares of the company’s stock valued at $172,000 after purchasing an additional 3,594 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in shares of Silvercorp Metals by 4.2% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company’s stock worth $925,000 after purchasing an additional 3,700 shares during the period. 22.30% of the stock is owned by institutional investors and hedge funds.

About Silvercorp Metals

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.