Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Silvercorp Metals, with six buy ratings and one hold rating. The average 12-month price target is $10.75, while Roth Capital raised its target to $14.00.
• Silvercorp reported quarterly EPS of $0.21, matching analyst expectations, while revenue of $138.67 million was essentially in line with estimates. Analysts expect full-year EPS of $0.66.
• Institutional investors have increased their exposure, with several firms adding shares; institutional and hedge fund ownership now stands at 22.30%.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.75.

Several brokerages have recently weighed in on SVM. Zacks Research lowered shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Roth Capital reaffirmed a "buy" rating and set a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group upgraded Silvercorp Metals to a "buy" rating in a report on Monday, June 15th.

Silvercorp Metals Stock Performance

NYSEAMERICAN:SVM opened at $12.77 on Friday. The company has a fifty day moving average of $10.66 and a 200-day moving average of $11.42. The firm has a market capitalization of $2.82 billion, a P/E ratio of 106.43 and a beta of 1.15. 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 $4.58 and a twelve month high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $138.67 million for the quarter, compared to analyst estimates of $138.70 million. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. During the same period in the prior year, the firm earned $0.08 earnings per share. As a group, sell-side analysts anticipate that Silvercorp Metals will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. U S Global Investors Inc. grew its holdings in shares of Silvercorp Metals by 147.1% during the first quarter. U S Global Investors Inc. now owns 617,663 shares of the company's stock valued at $6,634,000 after buying an additional 367,663 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Silvercorp Metals by 14.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company's stock worth $30,205,000 after acquiring an additional 348,000 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Silvercorp Metals by 349.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 146,793 shares of the company's stock valued at $1,229,000 after acquiring an additional 114,128 shares in the last quarter. CIBC Asset Management Inc bought a new position in Silvercorp Metals in the 4th quarter valued at about $1,687,000. Finally, PDT Partners LLC bought a new position in Silvercorp Metals in the 2nd quarter valued at about $6,661,000. Institutional investors and hedge funds own 22.30% of the company's stock.

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.

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