Analysts Set Silvercorp Metals Inc. (NYSEAMERICAN:SVM) PT at $9.25

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.25.

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

Institutional Investors Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in Silvercorp Metals in the 4th quarter worth $86,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Silvercorp Metals during the fourth quarter valued at about $82,000. DGS Capital Management LLC boosted 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 worth $216,000 after purchasing an additional 3,301 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Silvercorp Metals by 88.9% during the fourth quarter. Mackenzie Financial Corp now owns 231,751 shares of the company’s stock worth $1,982,000 after purchasing an additional 109,041 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Silvercorp Metals by 280.7% in the fourth quarter. XTX Topco Ltd now owns 88,341 shares of the company’s stock worth $737,000 after purchasing an additional 65,134 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $10.99 on Wednesday. The company has a 50-day simple moving average of $11.23 and a two-hundred day simple moving average of $8.88. Silvercorp Metals has a 12-month low of $3.15 and a 12-month high of $14.00. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -156.98 and a beta of 1.09.

About Silvercorp Metals

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.