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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $9.25.

Several research analysts have issued reports on the company. Roth Mkm set a $11.00 price target on Silvercorp Metals in a report on Tuesday, February 10th. BMO Capital Markets reissued an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, January 16th. Finally, Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a report on Wednesday, January 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SVM. EverSource Wealth Advisors LLC raised its stake in Silvercorp Metals by 163.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock valued at $40,000 after purchasing an additional 3,929 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Silvercorp Metals during the fourth quarter valued at $61,000. TD Waterhouse Canada Inc. grew its holdings in shares of Silvercorp Metals by 22.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after buying an additional 1,374 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Silvercorp Metals during the third quarter valued at $57,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Silvercorp Metals during the fourth quarter valued at $82,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at $10.99 on Wednesday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -156.98 and a beta of 1.09. The business has a fifty day simple moving average of $11.23 and a 200-day simple moving average of $8.94. Silvercorp Metals has a fifty-two week low of $3.15 and a fifty-two week high of $14.00.

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.