Analysts Set Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Target Price at $6.80

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Rating) have been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $6.80.

A number of research analysts recently issued reports on SVM shares. Zacks Investment Research upgraded Silvercorp Metals from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, April 20th. Raymond James dropped their price target on Silvercorp Metals from C$7.00 to C$6.50 in a research note on Tuesday, January 18th. Finally, TheStreet downgraded Silvercorp Metals from a “b-” rating to a “c+” rating in a research note on Monday, January 31st.

Shares of SVM traded down $0.11 during mid-day trading on Friday, reaching $2.52. The company’s stock had a trading volume of 194,203 shares, compared to its average volume of 1,380,194. Silvercorp Metals has a 12-month low of $2.55 and a 12-month high of $6.72. The company has a market cap of $446.31 million, a P/E ratio of 13.37 and a beta of 0.94.

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

Institutional investors have recently bought and sold shares of the business. Shell Asset Management Co. lifted its holdings 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 period. The Manufacturers Life Insurance Company lifted its holdings in shares of Silvercorp Metals by 3.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 181,870 shares of the company’s stock valued at $878,000 after buying an additional 6,562 shares during the period. Raymond James & Associates lifted its holdings in shares of Silvercorp Metals by 2.9% in the 3rd quarter. Raymond James & Associates now owns 231,447 shares of the company’s stock valued at $881,000 after buying an additional 6,565 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Silvercorp Metals by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 143,843 shares of the company’s stock valued at $545,000 after buying an additional 8,034 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Silvercorp Metals by 128.5% in the 2nd quarter. Wells Fargo & Company MN now owns 15,115 shares of the company’s stock valued at $83,000 after buying an additional 8,499 shares during the period. 29.51% of the stock is owned by institutional investors.

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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