Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Given Average Recommendation of “Buy” by Brokerages

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have received an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $10.50.

A number of equities research analysts have commented on SVM shares. Zacks Research raised shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. Roth Capital lowered their target price on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a report on Monday, June 15th.

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds and other institutional investors have recently made changes to their positions in SVM. JPMorgan Chase & Co. raised its holdings in Silvercorp Metals by 1,253.6% during the third quarter. JPMorgan Chase & Co. now owns 943,902 shares of the company’s stock worth $5,965,000 after purchasing an additional 874,170 shares in the last quarter. Baillie Gifford & Co. acquired a new position in shares of Silvercorp Metals in the 4th quarter valued at $35,248,000. Tudor Investment Corp ET AL purchased a new position in shares of Silvercorp Metals in the 3rd quarter valued at $8,547,000. LOM Asset Management Ltd purchased a new position in shares of Silvercorp Metals in the 4th quarter valued at $1,309,000. Finally, Pictet Asset Management Holding SA raised its stake in Silvercorp Metals by 349.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 146,793 shares of the company’s stock worth $1,229,000 after acquiring an additional 114,128 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Trading Down 5.5%

SVM opened at $8.82 on Friday. Silvercorp Metals has a 12 month low of $4.26 and a 12 month high of $15.77. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -220.44 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.58 and a quick ratio of 3.50. The business has a fifty day moving average price of $11.47 and a 200 day moving average price of $11.27.

Silvercorp Metals Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, June 25th. Stockholders of record on Friday, June 5th were given a dividend of $0.0125 per share. This represents a dividend yield of 23.0%. The ex-dividend date of this dividend was Friday, June 5th. Silvercorp Metals’s dividend payout ratio is currently 8.33%.

Silvercorp Metals Company Profile

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.