Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Silvercorp Metals, with five buy ratings and one hold among six brokerages. The average 12-month price target is $14.00.
• Silvercorp reported quarterly EPS of $0.21, matching estimates, while revenue of $138.67 million was essentially in line with expectations; analysts forecast $0.67 in EPS for the current fiscal year.
• The stock opened at $12.34, with a market capitalization of $2.73 billion and a 52-week range of $5.80 to $15.77. Institutional investors own 22.30% of the company, with VanEck notably increasing its stake by 125.6%.

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.00.

A number of analysts have recently commented on SVM shares. Jefferies Financial Group raised shares of Silvercorp Metals to a "buy" rating in a research note on Monday, June 15th. Zacks Research cut Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Finally, Roth Capital reiterated a "buy" rating and set a $14.00 price objective (up from $13.50) on shares of Silvercorp Metals in a research note on Wednesday, August 12th.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at $12.34 on Wednesday. The company has a quick ratio of 3.46, a current ratio of 3.51 and a debt-to-equity ratio of 0.10. Silvercorp Metals has a twelve month low of $5.80 and a twelve month high of $15.77. The business has a 50-day moving average price of $11.36 and a 200 day moving average price of $11.44. The firm has a market cap of $2.73 billion, a PE ratio of 102.84 and a beta of 1.22.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $138.67 million for the quarter, compared to analyst estimates of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same quarter last year, the firm posted $0.08 EPS. Sell-side analysts predict that Silvercorp Metals will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of Silvercorp Metals

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in Silvercorp Metals by 125.6% in the 2nd quarter. Van ECK Associates Corp now owns 15,941,612 shares of the company's stock valued at $161,025,000 after purchasing an additional 8,875,001 shares during the last quarter. BlackRock Inc. acquired a new stake in Silvercorp Metals during the 2nd quarter worth $42,564,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Silvercorp Metals during the 2nd quarter worth $39,719,000. Alps Advisors Inc. grew its holdings in shares of Silvercorp Metals by 47.6% during the fourth quarter. Alps Advisors Inc. now owns 3,767,118 shares of the company's stock worth $31,418,000 after buying an additional 1,214,356 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Silvercorp Metals by 14.1% during the first quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company's stock worth $30,205,000 after buying an additional 348,000 shares in the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. Its primary products include silver, lead and zinc, with gold also produced or contained in certain deposits.

The company has historically operated mines in China, including the Ying Mining District in Henan province, the GC mine in Guangdong province and the BYP gold-lead-zinc mine. Silvercorp's activities have included underground mining, mineral processing and exploration aimed at extending mine life and expanding its resource base.

Silvercorp has also expanded its international portfolio through projects in Ecuador, including the El Domo-Curipamba project and the Condor gold project.

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