Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Given Consensus Rating of “Moderate Buy” by Brokerages

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

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

Silvercorp Metals Stock Down 0.1%

Shares of NYSEAMERICAN SVM opened at $11.83 on Friday. The firm has a 50-day simple moving average of $10.97 and a 200-day simple moving average of $8.08. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -168.98 and a beta of 0.92. Silvercorp Metals has a 52 week low of $3.15 and a 52 week high of $14.00.

Institutional Trading of Silvercorp Metals

A number of hedge funds and other institutional investors have recently modified their holdings of SVM. Caitong International Asset Management Co. Ltd purchased a new stake in Silvercorp Metals in the 4th quarter valued at about $82,000. DGS Capital Management LLC increased its holdings in Silvercorp Metals by 14.6% in the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after purchasing an additional 3,301 shares during the last quarter. Mackenzie Financial Corp raised its position in Silvercorp Metals by 88.9% in the fourth quarter. Mackenzie Financial Corp now owns 231,751 shares of the company’s stock valued at $1,982,000 after purchasing an additional 109,041 shares during the period. XTX Topco Ltd lifted its stake in Silvercorp Metals by 280.7% during the fourth quarter. XTX Topco Ltd now owns 88,341 shares of the company’s stock worth $737,000 after purchasing an additional 65,134 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in Silvercorp Metals by 102.0% during the fourth quarter. Voloridge Investment Management LLC now owns 2,863,819 shares of the company’s stock worth $23,884,000 after purchasing an additional 1,445,799 shares in the last quarter. 22.30% of the stock is owned by institutional investors and hedge funds.

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.