Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives $10.75 Consensus Target Price from Analysts

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.75.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Silvercorp Metals by 18.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after acquiring an additional 1,170 shares in 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 worth $2,204,000 after purchasing an additional 1,175 shares in the last quarter. DGS Capital Management LLC increased its position in Silvercorp Metals by 14.6% in the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after acquiring an additional 3,301 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Silvercorp Metals by 26.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,094 shares of the company’s stock worth $172,000 after purchasing an additional 3,594 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its holdings in Silvercorp Metals by 4.2% in the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company’s stock valued at $925,000 after acquiring an additional 3,700 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Stock Performance

Shares of SVM opened at $12.48 on Friday. Silvercorp Metals has a one year low of $4.81 and a one year high of $15.77. 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 stock has a market cap of $2.76 billion, a price-to-earnings ratio of 104.01 and a beta of 1.22. The company has a 50-day moving average of $10.84 and a two-hundred day moving average of $11.48.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its earnings results on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $138.67 million during the quarter, compared to analyst estimates of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, equities research analysts expect that Silvercorp Metals will post 0.66 earnings per share for the current year.

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.