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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.50.

Several analysts recently weighed in on the company. Roth Mkm set a $11.50 price objective on Silvercorp Metals in a report on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating on shares of Silvercorp Metals in a report on Friday, January 16th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a research note on Wednesday, January 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SVM. EverSource Wealth Advisors LLC lifted its stake in shares of Silvercorp Metals by 18.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock worth $63,000 after purchasing an additional 1,170 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Silvercorp Metals by 22.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after buying an additional 1,374 shares during the last quarter. First Heartland Consultants Inc. lifted its position in shares of Silvercorp Metals by 25.6% during the fourth quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock valued at $120,000 after buying an additional 2,948 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Silvercorp Metals by 14.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock valued at $187,000 after buying an additional 3,745 shares in the last quarter. Finally, Sprott Inc. grew its position in shares of Silvercorp Metals by 0.4% in the 3rd quarter. Sprott Inc. now owns 1,301,082 shares of the company’s stock worth $8,212,000 after buying an additional 4,732 shares during the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Trading Up 3.6%

Shares of NYSEAMERICAN SVM opened at $10.78 on Tuesday. Silvercorp Metals has a twelve month low of $3.15 and a twelve month high of $14.00. The firm has a market cap of $2.38 billion, a PE ratio of 89.84 and a beta of 0.97. The business has a fifty day simple moving average of $9.61 and a two-hundred day simple moving average of $7.14. The company has a quick ratio of 4.50, a current ratio of 4.59 and a debt-to-equity ratio of 0.13.

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.