Brokerages Set Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Target Price at $9.25

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $9.25.

Several equities analysts have recently commented on SVM shares. Roth Mkm set a $11.00 price target on Silvercorp Metals in a research note on Tuesday, February 10th. BMO Capital Markets restated an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, January 16th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Silvercorp Metals in a report on Wednesday, January 14th.

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds and other institutional investors have recently made changes to their positions in SVM. Arrowstreet Capital Limited Partnership grew its holdings in shares of Silvercorp Metals by 238.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock worth $77,244,000 after purchasing an additional 6,511,389 shares during the period. Baillie Gifford & Co. purchased a new stake in shares of Silvercorp Metals during the fourth quarter worth approximately $35,248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Silvercorp Metals by 38.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock valued at $57,665,000 after buying an additional 2,534,155 shares during the last quarter. Tidal Investments LLC lifted its stake in Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after purchasing an additional 2,138,301 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Silvercorp Metals by 29.6% in the fourth quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company’s stock valued at $57,097,000 after acquiring an additional 1,562,525 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

NYSEAMERICAN:SVM opened at $11.57 on Friday. Silvercorp Metals has a fifty-two week low of $3.15 and a fifty-two week high of $14.00. The firm has a market capitalization of $2.56 billion, a PE ratio of -165.26 and a beta of 0.92. The stock’s fifty day moving average is $11.04 and its 200 day moving average is $8.19.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.