Roth Capital Reaffirms “Buy” Rating for Silvercorp Metals (NYSEAMERICAN:SVM)

Silvercorp Metals (NYSEAMERICAN:SVM)‘s stock had its “buy” rating reaffirmed by research analysts at Roth Capital in a report released on Tuesday,Benzinga reports. They presently have a $6.75 price target on the stock, up from their previous price target of $6.25. Roth Capital’s price target indicates a potential upside of 46.58% from the stock’s current price.

Silvercorp Metals Price Performance

Silvercorp Metals stock traded up $0.39 during mid-day trading on Tuesday, hitting $4.61. 5,103,398 shares of the company were exchanged, compared to its average volume of 4,450,154. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.05 and a quick ratio of 4.95. Silvercorp Metals has a 12-month low of $2.87 and a 12-month high of $5.32. The business’s 50 day simple moving average is $3.94 and its two-hundred day simple moving average is $3.67. The company has a market capitalization of $1.00 billion, a P/E ratio of 15.35 and a beta of 1.01.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Silvercorp Metals during the fourth quarter worth approximately $103,000. Bank of America Corp DE lifted its holdings in Silvercorp Metals by 206.4% in the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company’s stock worth $3,774,000 after purchasing an additional 847,547 shares during the period. Prudential Financial Inc. bought a new position in Silvercorp Metals in the 4th quarter valued at about $46,000. Y Intercept Hong Kong Ltd acquired a new position in Silvercorp Metals during the 4th quarter valued at about $187,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Silvercorp Metals during the 1st quarter worth about $77,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.