Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Stock Has Consensus Price Target of $14.00 According to Brokerages

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.00.

Several research analysts recently weighed in on SVM shares. Zacks Research cut shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Roth Capital reiterated a “buy” rating and set a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th.

Institutional Trading of Silvercorp Metals

A number of hedge funds have recently made changes to their positions in SVM. State of Wyoming purchased a new stake in Silvercorp Metals in the second quarter worth approximately $47,000. Employees Retirement System of Texas purchased a new position in shares of Silvercorp Metals during the fourth quarter worth approximately $61,000. EverSource Wealth Advisors LLC raised its stake in shares of Silvercorp Metals by 18.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock worth $63,000 after acquiring an additional 1,170 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Silvercorp Metals in the 1st quarter worth approximately $69,000. Finally, Leonteq Securities AG bought a new stake in shares of Silvercorp Metals in the 1st quarter worth approximately $79,000. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Price Performance

Silvercorp Metals stock opened at $11.34 on Wednesday. Silvercorp Metals has a 52 week low of $5.89 and a 52 week high of $15.77. The business has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $11.44. The company has a quick ratio of 3.46, a current ratio of 3.51 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 94.51 and a beta of 1.22.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $138.67 million for the quarter, compared to analyst estimates of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same period in the prior year, the company earned $0.08 EPS. On average, research analysts forecast that Silvercorp Metals will post 0.67 earnings per share for the current fiscal year.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. Its primary products include silver, lead and zinc, with gold also produced or contained in certain deposits.

The company has historically operated mines in China, including the Ying Mining District in Henan province, the GC mine in Guangdong province and the BYP gold-lead-zinc mine. Silvercorp’s activities have included underground mining, mineral processing and exploration aimed at extending mine life and expanding its resource base.

Silvercorp has also expanded its international portfolio through projects in Ecuador, including the El Domo-Curipamba project and the Condor gold project.