Silvercorp Metals (NYSEAMERICAN:SVM) Price Target Cut to $6.00

Silvercorp Metals (NYSEAMERICAN:SVM) had its target price lowered by stock analysts at Roth Mkm from $6.50 to $6.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 69.73% from the company’s current price.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN SVM opened at $3.54 on Wednesday. The company has a market capitalization of $626.79 million, a P/E ratio of 20.79 and a beta of 1.21. Silvercorp Metals has a 52 week low of $2.08 and a 52 week high of $3.98.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of Silvercorp Metals by 8.2% in the fourth quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock valued at $23,949,000 after purchasing an additional 693,952 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Silvercorp Metals by 2.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company’s stock valued at $11,697,000 after purchasing an additional 100,973 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Silvercorp Metals by 5.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock valued at $9,514,000 after purchasing an additional 219,000 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Silvercorp Metals by 0.3% in the third quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock valued at $3,679,000 after purchasing an additional 5,524 shares in the last quarter. Finally, Sprott Inc. raised its stake in shares of Silvercorp Metals by 4.7% in 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 in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

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.