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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.00.

Several research analysts have recently weighed in on the company. Roth Capital restated a “buy” rating and issued a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a research note on Wednesday, August 12th. National Bank Financial assumed coverage on Silvercorp Metals in a research note on Thursday, October 8th. They set a “hold” rating for the company. 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 Trading Down 2.1%

Shares of SVM opened at $8.44 on Friday. The firm’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $11.35. Silvercorp Metals has a 1-year low of $5.95 and a 1-year high of $15.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46. The company has a market capitalization of $1.87 billion, a P/E ratio of 70.34 and a beta of 1.19.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The company had revenue of $138.67 million during the quarter, compared to analyst estimates of $138.70 million. During the same period in the prior year, the business posted $0.08 EPS. Sell-side analysts forecast that Silvercorp Metals will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its position in shares of Silvercorp Metals by 4.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 340,466 shares of the company’s stock worth $3,634,000 after purchasing an additional 15,899 shares during the period. Spark Investment Management LLC purchased a new position in Silvercorp Metals during the second quarter valued at approximately $829,000. TD Waterhouse Canada Inc. increased its holdings in Silvercorp Metals by 26.6% during the second quarter. TD Waterhouse Canada Inc. now owns 17,094 shares of the company’s stock valued at $172,000 after buying an additional 3,594 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Silvercorp Metals during the second quarter valued at approximately $1,272,000. Finally, Van ECK Associates Corp raised its stake in Silvercorp Metals by 125.6% in the second quarter. Van ECK Associates Corp now owns 15,941,612 shares of the company’s stock worth $161,025,000 after buying an additional 8,875,001 shares in the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.