Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Stock Has Consensus Target Price of $14.00

Key Points

• Silvercorp Metals has a “Moderate Buy” consensus from six analysts: four rate it a buy and two recommend holding the stock. The average 12-month price target is $14.00, compared with a recent price of $9.78.
• Recent analyst actions were mixed: Zacks Research downgraded the shares to “hold,” National Bank Financial initiated coverage with a “hold,” while Roth Capital reiterated “buy” and raised its target to $14.00.
• The company met quarterly earnings expectations with $0.21 EPS on $138.67 million in revenue, while institutional investors own 22.30% of its shares.

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.00.

Several equities analysts have recently commented on the stock. Zacks Research downgraded shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. National Bank Financial initiated coverage on shares of Silvercorp Metals in a research report on Thursday, October 8th. They set a "hold" rating for the company. Finally, Roth Capital restated 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.

Institutional Trading of Silvercorp Metals

Several hedge funds have recently bought and sold shares of the stock. State of Wyoming bought a new position in shares of Silvercorp Metals during the 2nd quarter valued at about $47,000. Banque Cantonale Vaudoise purchased a new position in shares of Silvercorp Metals during the first quarter valued at about $69,000. Leonteq Securities AG purchased a new position in shares of Silvercorp Metals during the first quarter valued at about $79,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Silvercorp Metals during the fourth quarter valued at about $82,000. Finally, Ieq Capital LLC bought a new stake in shares of Silvercorp Metals in the second quarter worth about $101,000. Hedge funds and other institutional investors own 22.30% of the company's stock.

Silvercorp Metals Stock Up 0.2%

NYSEAMERICAN SVM opened at $9.78 on Friday. The stock's 50 day moving average is $11.64 and its 200 day moving average is $11.41. The company has a current ratio of 3.51, a quick ratio of 3.46 and a debt-to-equity ratio of 0.10. Silvercorp Metals has a 12 month low of $5.95 and a 12 month high of $15.77. The stock has a market cap of $2.16 billion, a PE ratio of 81.51 and a beta of 1.19.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%. The business had revenue of $138.67 million during the quarter, compared to the consensus estimate of $138.70 million. During the same period in the prior year, the company posted $0.08 EPS. Research analysts predict that Silvercorp Metals will post 0.69 EPS for the current fiscal year.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, development, and operation of precious- and base-metal properties. The company primarily produces silver, lead, and zinc, with revenue generated from the sale of concentrates produced at its mines.

Silvercorp's principal operating assets are located in China, including the Ying Mining District in Henan Province and the GC Mine in Guangdong Province. Its activities include underground mining, mineral processing, exploration, and project development.

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