Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives Average Rating of “Moderate Buy” from Brokerages

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.75.

Several research firms have recently issued reports on SVM. Roth Capital reiterated a “buy” rating and issued a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research note on Wednesday, August 12th. Zacks Research cut shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th.

Hedge Funds Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Silvercorp Metals by 18.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after acquiring an additional 1,170 shares in the last quarter. Parvin Asset Management LLC lifted its holdings in Silvercorp Metals by 0.6% during the first quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock worth $2,204,000 after acquiring an additional 1,175 shares during the period. DGS Capital Management LLC lifted its holdings in Silvercorp Metals by 14.6% during the fourth quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock worth $216,000 after acquiring an additional 3,301 shares during the period. TD Waterhouse Canada Inc. boosted its position in Silvercorp Metals by 26.6% in the second quarter. TD Waterhouse Canada Inc. now owns 17,094 shares of the company’s stock worth $172,000 after purchasing an additional 3,594 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its position in Silvercorp Metals by 4.2% in the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company’s stock worth $925,000 after purchasing an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Trading Down 5.1%

Shares of Silvercorp Metals stock opened at $12.77 on Friday. The company has a market capitalization of $2.82 billion, a P/E ratio of 106.43 and a beta of 1.15. The stock has a fifty day simple moving average of $10.66 and a 200 day simple moving average of $11.42. Silvercorp Metals has a 12-month low of $4.58 and a 12-month high of $15.77. The company has a current ratio of 3.51, a quick ratio of 3.46 and a debt-to-equity ratio of 0.10.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same period last year, the business earned $0.08 EPS. On average, sell-side analysts anticipate that Silvercorp Metals will post 0.66 earnings per share for the current fiscal year.

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.