Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives $9.25 Average Target Price from Analysts

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $9.25.

A number of analysts have recently weighed in on SVM shares. BMO Capital Markets reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Roth Mkm set a $11.00 target price on Silvercorp Metals in a research report on Tuesday, February 10th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a research note on Wednesday, January 14th.

Hedge Funds Weigh In On Silvercorp Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Silvercorp Metals during the 4th quarter worth approximately $82,000. DGS Capital Management LLC increased its stake in Silvercorp Metals by 14.6% during the 4th 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 in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Silvercorp Metals by 88.9% in the fourth quarter. Mackenzie Financial Corp now owns 231,751 shares of the company’s stock worth $1,982,000 after buying an additional 109,041 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of Silvercorp Metals by 280.7% during the fourth quarter. XTX Topco Ltd now owns 88,341 shares of the company’s stock worth $737,000 after buying an additional 65,134 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of Silvercorp Metals by 102.0% during the fourth quarter. Voloridge Investment Management LLC now owns 2,863,819 shares of the company’s stock worth $23,884,000 after buying an additional 1,445,799 shares during the period. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Trading Down 3.7%

NYSEAMERICAN SVM opened at $11.85 on Friday. The firm’s fifty day simple moving average is $11.18 and its two-hundred day simple moving average is $8.27. Silvercorp Metals has a 12-month low of $3.15 and a 12-month high of $14.00. The firm has a market capitalization of $2.62 billion, a P/E ratio of -169.26 and a beta of 0.92.

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.