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

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.50.

Several research firms have weighed in on SVM. Roth Capital dropped their price target on Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Finally, Zacks Research cut Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th.

Silvercorp Metals Price Performance

SVM stock opened at $9.56 on Tuesday. Silvercorp Metals has a 1 year low of $4.29 and a 1 year high of $15.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.50 and a current ratio of 3.58. The stock’s 50 day moving average price is $10.51 and its 200 day moving average price is $11.32. The firm has a market cap of $2.11 billion, a P/E ratio of -238.94 and a beta of 1.15.

Silvercorp Metals Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 25th. Shareholders of record on Friday, June 5th were issued a $0.0125 dividend. This represents a yield of 23.0%. The ex-dividend date was Friday, June 5th. Silvercorp Metals’s dividend payout ratio is 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Silvercorp Metals during the third quarter worth approximately $57,000. Employees Retirement System of Texas acquired a new position in Silvercorp Metals in the fourth quarter valued at $61,000. TD Waterhouse Canada Inc. boosted its holdings in Silvercorp Metals by 22.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after acquiring an additional 1,374 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Silvercorp Metals by 18.5% during the fourth 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 during the period. Finally, State of Wyoming purchased a new stake in Silvercorp Metals during the first quarter valued at about $64,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

About Silvercorp Metals

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.