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

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Rating) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.00.

Separately, BMO Capital Markets assumed coverage on shares of Silvercorp Metals in a report on Monday, May 30th. They set a “hold” rating and a $6.00 target price on the stock.

Silvercorp Metals Price Performance

NYSEAMERICAN:SVM opened at $2.30 on Thursday. The company has a market cap of $407.07 million, a P/E ratio of 13.53 and a beta of 0.95. Silvercorp Metals has a fifty-two week low of $2.21 and a fifty-two week high of $5.13.

Silvercorp Metals (NYSEAMERICAN:SVMGet Rating) last released its earnings results on Thursday, May 26th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $41.59 million for the quarter, compared to analyst estimates of $43.05 million. Silvercorp Metals had a net margin of 14.06% and a return on equity of 8.03%. As a group, equities analysts forecast that Silvercorp Metals will post 0.31 EPS for the current year.

Silvercorp Metals Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, June 24th. Stockholders of record on Monday, June 6th were issued a $0.0125 dividend. The ex-dividend date was Friday, June 3rd. This represents a dividend yield of 0.9%. Silvercorp Metals’s payout ratio is 17.65%.

Institutional Investors Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently modified their holdings of SVM. Shell Asset Management Co. grew its position in shares of Silvercorp Metals by 24.6% in the 4th quarter. Shell Asset Management Co. now owns 20,276 shares of the company’s stock valued at $76,000 after buying an additional 4,000 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of Silvercorp Metals in the 4th quarter valued at $39,000. Cibc World Market Inc. grew its position in shares of Silvercorp Metals by 58.5% in the 1st quarter. Cibc World Market Inc. now owns 30,920 shares of the company’s stock valued at $112,000 after buying an additional 11,415 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Silvercorp Metals in the 4th quarter valued at $43,000. Finally, Fifth Third Bancorp purchased a new position in shares of Silvercorp Metals in the 4th quarter valued at $45,000. 29.51% of the stock is currently owned by institutional investors and hedge funds.

About Silvercorp Metals

(Get Rating)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.

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