Brokerages Set Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Target Price at $8.25

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.50.

A number of equities analysts have commented on the company. Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. Finally, Roth Mkm set a $11.50 target price on shares of Silvercorp Metals in a research note on Wednesday.

Institutional Trading of Silvercorp Metals

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Silvercorp Metals by 419.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company’s stock worth $31,000 after purchasing an additional 5,839 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Silvercorp Metals by 163.4% during the third quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after buying an additional 3,929 shares in the last quarter. Ballentine Partners LLC acquired a new position in Silvercorp Metals during the second quarter worth $50,000. Banque Cantonale Vaudoise purchased a new stake in Silvercorp Metals in the 3rd quarter valued at $57,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Silvercorp Metals in the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Stock Up 3.0%

Shares of SVM stock opened at $12.28 on Friday. The stock has a 50 day moving average of $8.56 and a 200 day moving average of $6.57. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.71 billion, a P/E ratio of 102.34 and a beta of 0.97. Silvercorp Metals has a twelve month low of $2.93 and a twelve month high of $12.58.

Silvercorp Metals Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $0.0125 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 32.0%. Silvercorp Metals’s payout ratio is presently 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.