Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.00.

Several research firms have commented on SVM. National Bank Financial began coverage on shares of Silvercorp Metals in a research report on Thursday, October 8th. They set a “hold” rating on the stock. Roth Capital restated a “buy” rating and set a $14.00 price objective (up from $13.50) on shares of Silvercorp Metals in a report on Wednesday, August 12th. Finally, Zacks Research lowered shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th.

Hedge Funds Weigh In On Silvercorp Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Focus Advisor Solutions LLC lifted its holdings in Silvercorp Metals by 40.9% during the 3rd quarter. Focus Advisor Solutions LLC now owns 27,462 shares of the company’s stock valued at $293,000 after purchasing an additional 7,965 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Silvercorp Metals during the third quarter valued at approximately $124,000. Euro Pacific Asset Management LLC acquired a new stake in shares of Silvercorp Metals in the third quarter valued at approximately $133,000. Parallel Advisors LLC increased its holdings in shares of Silvercorp Metals by 1,528.8% in the third quarter. Parallel Advisors LLC now owns 5,082 shares of the company’s stock valued at $54,000 after purchasing an additional 4,770 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Silvercorp Metals by 7.4% in the third quarter. Alps Advisors Inc. now owns 3,554,283 shares of the company’s stock valued at $37,924,000 after purchasing an additional 244,058 shares in the last quarter. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Trading Down 1.0%

Shares of SVM opened at $9.22 on Thursday. The business’s 50-day moving average price is $10.32 and its 200 day moving average price is $11.15. The company has a current ratio of 3.28, a quick ratio of 3.18 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.04 billion, a P/E ratio of 48.53 and a beta of 1.23. Silvercorp Metals has a 1-year low of $6.11 and a 1-year high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $72.10 million during the quarter, compared to analyst estimates of $72.10 million. Silvercorp Metals had a net margin of 9.94% and a return on equity of 16.49%. Analysts expect that Silvercorp Metals will post 0.62 earnings per share for the current year.

Silvercorp Metals declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 17th that allows the company to repurchase 8,850,000 outstanding shares. This repurchase authorization allows the company to buy up to 4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Silvercorp Metals Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 27th will be issued a $0.0125 dividend. This represents a yield of 29.0%. The ex-dividend date of this dividend is Friday, November 27th. Silvercorp Metals’s payout ratio is 8.33%.

Silvercorp Metals Company Profile

Silvercorp Metals Inc. is a Canadian mining company focused on the production and exploration of silver, lead, zinc and gold. Its operating mines are in China, including properties in the Ying Mining District in Henan Province and the GC mine. The company also has mineral development and exploration interests in Ecuador, including the El Domo copper-gold project and the Condor gold project. Its portfolio spans operating mines and projects at earlier stages of development. Silvercorp is headquartered in Vancouver, British Columbia.