Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Given Average Recommendation of “Moderate Buy” by Brokerages

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $8.25.

SVM has been the topic of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Silvercorp Metals in a research note on Friday. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. Cantor Fitzgerald set a $7.50 price objective on Silvercorp Metals and gave the company an “overweight” rating in a research note on Monday, September 22nd. Finally, Roth Capital lifted their target price on shares of Silvercorp Metals to $9.00 and gave the company a “buy” rating in a report on Monday, December 15th.

Institutional Trading of Silvercorp Metals

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its holdings in Silvercorp Metals by 419.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company’s stock worth $31,000 after purchasing an additional 5,839 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Silvercorp Metals by 163.4% during the third quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after buying an additional 3,929 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Silvercorp Metals during the 2nd quarter valued at about $50,000. Banque Cantonale Vaudoise purchased a new position in shares of Silvercorp Metals in the third quarter valued at $57,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Silvercorp Metals in the third quarter valued at about $67,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Trading Up 7.6%

Shares of SVM stock traded up $0.78 on Friday, reaching $10.98. 5,661,442 shares of the company’s stock were exchanged, compared to its average volume of 5,193,270. The company’s fifty day simple moving average is $8.05 and its 200 day simple moving average is $6.31. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.42 billion, a PE ratio of 91.47 and a beta of 0.97. Silvercorp Metals has a 52 week low of $2.93 and a 52 week high of $10.99.

Silvercorp Metals Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.0125 dividend. This represents a dividend yield of 32.0%. The ex-dividend date of this dividend was Friday, November 28th. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

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.