Roth Mkm Lowers Silvercorp Metals (NYSEAMERICAN:SVM) Price Target to $6.00

Silvercorp Metals (NYSEAMERICAN:SVM) had its target price dropped by Roth Mkm from $6.50 to $6.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective would indicate a potential upside of 69.01% from the company’s previous close.

Silvercorp Metals Stock Up 2.3 %

NYSEAMERICAN SVM opened at $3.55 on Wednesday. Silvercorp Metals has a 52 week low of $2.08 and a 52 week high of $3.98. The stock has a market capitalization of $629.45 million, a price-to-earnings ratio of 20.88 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its earnings results on Thursday, February 8th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $58.51 million during the quarter, compared to analysts’ expectations of $55.10 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. As a group, equities analysts expect that Silvercorp Metals will post 0.19 earnings per share for the current year.

Institutional Trading of Silvercorp Metals

A number of institutional investors have recently made changes to their positions in the stock. U S Global Investors Inc. lifted its stake in shares of Silvercorp Metals by 367.1% in the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock worth $3,807,000 after acquiring an additional 917,700 shares during the period. PFG Investments LLC acquired a new stake in Silvercorp Metals during the first quarter valued at approximately $40,000. Sprott Inc. lifted its stake in Silvercorp Metals by 4.7% during the fourth quarter. Sprott Inc. now owns 994,445 shares of the company’s stock valued at $2,595,000 after purchasing an additional 44,754 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Silvercorp Metals during the fourth quarter valued at approximately $119,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Silvercorp Metals by 77.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after purchasing an additional 11,546 shares during the last quarter. 22.30% of the stock is owned by institutional investors and hedge funds.

About Silvercorp Metals

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.