Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives Average Recommendation of “Moderate Buy” from Analysts

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.3750.

Separately, Roth Mkm reiterated a “neutral” rating and issued a $13.25 price objective on shares of Silvercorp Metals in a report on Monday, June 1st.

Institutional Trading of Silvercorp Metals

Hedge funds have recently bought and sold shares of the business. Amundi grew its stake in shares of Silvercorp Metals by 11.8% in the 1st quarter. Amundi now owns 181,860 shares of the company’s stock valued at $1,953,000 after buying an additional 19,179 shares during the period. Parvin Asset Management LLC grew its stake in shares of Silvercorp Metals by 0.6% in the 1st quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock valued at $2,204,000 after buying an additional 1,175 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Silvercorp Metals by 89.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 14,177 shares of the company’s stock valued at $152,000 after buying an additional 6,674 shares during the period. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Silvercorp Metals in the 1st quarter valued at approximately $333,000. Finally, Themes Management Co LLC grew its stake in shares of Silvercorp Metals by 77.8% in the 1st quarter. Themes Management Co LLC now owns 52,048 shares of the company’s stock valued at $560,000 after buying an additional 22,767 shares during the period. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

SVM stock opened at $11.30 on Monday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -282.43 and a beta of 1.08. The company has a current ratio of 3.58, a quick ratio of 3.50 and a debt-to-equity ratio of 0.10. Silvercorp Metals has a 12 month low of $3.96 and a 12 month high of $15.77. The firm has a 50-day moving average of $12.25 and a two-hundred day moving average of $10.90.

Silvercorp Metals Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, June 25th. Shareholders of record on Friday, June 5th will be issued a $0.0125 dividend. The ex-dividend date is Friday, June 5th. This represents a yield of 23.0%. Silvercorp Metals’s dividend payout ratio is presently 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.