Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Stock Has Average Price Target of $14.00

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.00.

Several equities research analysts recently weighed in on the stock. National Bank Financial initiated coverage on shares of Silvercorp Metals in a research report on Thursday, October 8th. They issued a “hold” rating on the stock. Zacks Research lowered shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Roth Capital reissued a “buy” rating and issued a $14.00 price objective (up from $13.50) on shares of Silvercorp Metals in a research note on Wednesday, August 12th.

Hedge Funds Weigh In On Silvercorp Metals

A number of institutional investors and hedge funds have recently modified their holdings of SVM. U S Global Investors Inc. boosted its stake in Silvercorp Metals by 147.1% during the first quarter. U S Global Investors Inc. now owns 617,663 shares of the company’s stock worth $6,634,000 after buying an additional 367,663 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Silvercorp Metals in the second quarter valued at $1,272,000. Spark Investment Management LLC bought a new stake in shares of Silvercorp Metals in the 2nd quarter worth about $829,000. Renaissance Technologies LLC lifted its holdings in shares of Silvercorp Metals by 14.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company’s stock worth $30,205,000 after acquiring an additional 348,000 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Silvercorp Metals in the 2nd quarter worth about $6,661,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

NYSEAMERICAN:SVM opened at $9.78 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46. Silvercorp Metals has a 1 year low of $5.95 and a 1 year high of $15.77. The stock’s 50 day simple moving average is $11.64 and its two-hundred day simple moving average is $11.41. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 81.51 and a beta of 1.19.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations 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 firm earned $0.08 EPS. As a group, equities analysts anticipate that Silvercorp Metals will post 0.69 earnings per share for the current fiscal year.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, development, and operation of precious- and base-metal properties. The company primarily produces silver, lead, and zinc, with revenue generated from the sale of concentrates produced at its mines.

Silvercorp’s principal operating assets are located in China, including the Ying Mining District in Henan Province and the GC Mine in Guangdong Province. Its activities include underground mining, mineral processing, exploration, and project development.