Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts have a consensus rating of "Moderate Buy" on Silvercorp Metals (4 buys, 2 holds) with an average 12-month price target of $9.25.
• Several institutional investors increased positions in the quarter — including large buys by Mackenzie Financial and XTX Topco — and institutions now own about 22.30% of the stock.
• Shares are trading higher (up ~7.1%) and opened at $10.74; the stock has a 12-month range of $3.15–$14.00, a market cap of ~$2.37B and a negative P/E of -153.41.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $9.25.

A number of equities research analysts recently weighed in on SVM shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Roth Mkm set a $11.00 price target on shares of Silvercorp Metals in a research report on Tuesday, February 10th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Silvercorp Metals in a report on Friday, January 16th.

Institutional Investors Weigh In On Silvercorp Metals

Several institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in Silvercorp Metals in the fourth quarter worth $86,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Silvercorp Metals in the 4th quarter worth $82,000. DGS Capital Management LLC boosted its position in shares of Silvercorp Metals by 14.6% in the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company's stock worth $216,000 after purchasing an additional 3,301 shares in the last quarter. Mackenzie Financial Corp grew its stake in Silvercorp Metals by 88.9% during the 4th quarter. Mackenzie Financial Corp now owns 231,751 shares of the company's stock worth $1,982,000 after buying an additional 109,041 shares during the last quarter. Finally, XTX Topco Ltd increased its position in Silvercorp Metals by 280.7% during the 4th quarter. XTX Topco Ltd now owns 88,341 shares of the company's stock valued at $737,000 after buying an additional 65,134 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Trading Up 7.1%

Shares of NYSEAMERICAN SVM opened at $10.74 on Wednesday. Silvercorp Metals has a 12-month low of $3.15 and a 12-month high of $14.00. The stock's fifty day simple moving average is $11.31 and its two-hundred day simple moving average is $8.81. The stock has a market capitalization of $2.37 billion, a PE ratio of -153.41 and a beta of 0.92.

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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