Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives $6.80 Consensus Price Target from Brokerages

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Rating) have earned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $6.80.

SVM has been the subject of a number of research reports. Zacks Investment Research upgraded Silvercorp Metals from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, April 20th. TheStreet downgraded shares of Silvercorp Metals from a “b-” rating to a “c+” rating in a research report on Monday, January 31st. Finally, Raymond James decreased their target price on shares of Silvercorp Metals from C$7.00 to C$6.50 in a research note on Tuesday, January 18th.

SVM stock traded up $0.17 on Friday, reaching $2.70. The company had a trading volume of 1,747,624 shares, compared to its average volume of 1,324,784. Silvercorp Metals has a 1 year low of $2.46 and a 1 year high of $6.72. The firm has a market cap of $478.20 million, a P/E ratio of 14.21 and a beta of 0.94.

Silvercorp Metals (NYSEAMERICAN:SVMGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $59.08 million for the quarter, compared to analysts’ expectations of $57.55 million. Silvercorp Metals had a return on equity of 7.79% and a net margin of 15.89%. On average, analysts anticipate that Silvercorp Metals will post 0.23 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in shares of Silvercorp Metals by 8,081.6% in the 3rd quarter. Citigroup Inc. now owns 21,845 shares of the company’s stock valued at $83,000 after purchasing an additional 21,578 shares in the last quarter. Renaissance Technologies LLC grew its position in Silvercorp Metals by 25.2% in the third quarter. Renaissance Technologies LLC now owns 4,587,749 shares of the company’s stock valued at $17,482,000 after acquiring an additional 924,795 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Silvercorp Metals in the fourth quarter valued at about $252,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Silvercorp Metals by 3.7% in the third quarter. The Manufacturers Life Insurance Company now owns 181,870 shares of the company’s stock worth $878,000 after acquiring an additional 6,562 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Silvercorp Metals by 11.6% in the 3rd quarter. Guggenheim Capital LLC now owns 300,552 shares of the company’s stock valued at $1,145,000 after purchasing an additional 31,353 shares in the last quarter. 29.51% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile (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. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China.

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