Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.50.

SVM has been the topic of a number of analyst reports. TheStreet lowered Silvercorp Metals from a “b-” rating to a “c+” rating in a research note on Thursday, March 11th. Roth Capital decreased their price target on Silvercorp Metals from $9.00 to $8.75 and set a “buy” rating on the stock in a research note on Monday, April 26th. Zacks Investment Research lowered Silvercorp Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, April 21st. BMO Capital Markets decreased their price target on Silvercorp Metals from $9.00 to $8.75 and set a “market perform” rating on the stock in a research note on Monday, February 8th. Finally, Canaccord Genuity decreased their price target on Silvercorp Metals from $11.00 to $10.50 and set a “buy” rating on the stock in a research note on Monday, February 8th.

Institutional investors have recently made changes to their positions in the business. tru Independence LLC raised its stake in Silvercorp Metals by 145.7% during the 3rd quarter. tru Independence LLC now owns 4,385 shares of the company’s stock valued at $32,000 after acquiring an additional 2,600 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Silvercorp Metals by 37.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,615 shares of the company’s stock worth $44,000 after buying an additional 1,814 shares in the last quarter. Good Life Advisors LLC bought a new stake in shares of Silvercorp Metals in the 4th quarter worth $68,000. Group One Trading L.P. bought a new stake in shares of Silvercorp Metals in the 4th quarter worth $94,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Silvercorp Metals in the 4th quarter worth $98,000. 30.63% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals stock traded down $0.23 during trading hours on Tuesday, hitting $5.67. The stock had a trading volume of 1,605,137 shares, compared to its average volume of 1,597,496. The stock has a market capitalization of $996.35 million, a price-to-earnings ratio of 23.63 and a beta of 1.20. Silvercorp Metals has a 1-year low of $3.70 and a 1-year high of $8.91. The stock’s fifty day moving average is $6.43 and its two-hundred day moving average is $6.97.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its earnings results on Thursday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $53.30 million during the quarter, compared to analyst estimates of $59.10 million. Silvercorp Metals had a net margin of 24.28% and a return on equity of 7.08%. On average, research analysts expect that Silvercorp Metals will post 0.24 EPS for the current fiscal year.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest in Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China; and GC silver-lead-zinc mine in Guangdong Province, China.

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Analyst Recommendations for Silvercorp Metals (NYSEAMERICAN:SVM)

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