Silvercorp Metals (NYSEAMERICAN:SVM) PT Lowered to $6.00 at Roth Mkm

Silvercorp Metals (NYSEAMERICAN:SVM - Free Report) had its price target cut by Roth Mkm from $6.50 to $6.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Silvercorp Metals Stock Down 2.4 %

Shares of SVM traded down $0.08 during mid-day trading on Wednesday, reaching $3.46. The company's stock had a trading volume of 962,556 shares, compared to its average volume of 1,825,144. Silvercorp Metals has a 1-year low of $2.08 and a 1-year high of $3.98. The stock has a market cap of $612.61 million, a price-to-earnings ratio of 20.32 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $58.51 million for the quarter, compared to analyst estimates of $55.10 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. As a group, analysts expect that Silvercorp Metals will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On Silvercorp Metals

Institutional investors and hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. raised its holdings in shares of Silvercorp Metals by 367.1% during the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company's stock worth $3,807,000 after buying an additional 917,700 shares in the last quarter. PFG Investments LLC acquired a new position in Silvercorp Metals during the first quarter worth about $40,000. Sprott Inc. lifted its holdings in shares of Silvercorp Metals by 4.7% in the fourth quarter. Sprott Inc. now owns 994,445 shares of the company's stock worth $2,595,000 after acquiring an additional 44,754 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Silvercorp Metals in the 4th quarter valued at approximately $119,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Silvercorp Metals by 77.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company's stock valued at $70,000 after purchasing an additional 11,546 shares during the last quarter. Institutional investors own 22.30% of the company's stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.