Silvercorp Metals (NYSEAMERICAN:SVM) Trading 6.6% Higher - What's Next?

Key Points

• Silvercorp Metals shares rose 6.6% to $12.68 in mid-day trading, though volume was 94% below the average session level.
• Analyst sentiment remains broadly positive, with six Buy ratings and one Hold rating; the consensus is “Moderate Buy,” although the average price target of $10.75 is below the current share price.
• The company matched quarterly earnings expectations with $0.21 EPS and reported $138.67 million in revenue, while maintaining strong liquidity and low leverage with a 3.51 current ratio and 0.10 debt-to-equity ratio.

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) were up 6.6% during mid-day trading on Wednesday . The company traded as high as $12.79 and last traded at $12.68. Approximately 255,749 shares were traded during trading, a decline of 94% from the average session volume of 4,461,439 shares. The stock had previously closed at $11.90.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SVM shares. Zacks Research cut Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a research 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 raised Silvercorp Metals to a "buy" rating in a research report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.75.

Silvercorp Metals Stock Performance

The company has a current ratio of 3.51, a quick ratio of 3.46 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $10.71 and a 200-day moving average of $11.44. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 105.09 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The company had revenue of $138.67 million during the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $0.08 EPS. As a group, sell-side analysts predict that Silvercorp Metals Inc. will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Silvercorp Metals

A number of institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new stake in Silvercorp Metals during the 2nd quarter valued at approximately $47,000. Banque Cantonale Vaudoise acquired a new stake in shares of Silvercorp Metals in the third quarter worth $57,000. Employees Retirement System of Texas acquired a new stake in shares of Silvercorp Metals in the fourth quarter worth $61,000. EverSource Wealth Advisors LLC raised its holdings in shares of Silvercorp Metals by 18.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company's stock worth $63,000 after purchasing an additional 1,170 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Silvercorp Metals during the third quarter worth $67,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

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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