Silvercorp Metals (NYSEAMERICAN:SVM) Reaches New 12-Month High - Still a Buy?

Key Points

• Silvercorp Metals reached a new 12-month high of $5.71, closing at $5.63 with significant trading volume of 812,431 shares.
• Analysts have mixed ratings on the stock, with **Raymond James** giving an "outperform" rating while **Zacks Research** downgraded it from "strong-buy" to "hold"; the consensus rating is "Moderate Buy" with a price target averaging **$6.75**.
• Institutional investment in Silvercorp Metals has increased significantly, with notable purchases from firms like **Man Group plc**, which raised its holdings by **1,626.7%**, indicating growing confidence in the company.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $5.71 and last traded at $5.63, with a volume of 812431 shares traded. The stock had previously closed at $5.21.

Analyst Ratings Changes

SVM has been the topic of several recent analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Roth Capital reissued a "buy" rating and issued a $6.75 price target (up previously from $6.25) on shares of Silvercorp Metals in a research note on Tuesday, July 1st. Finally, Zacks Research cut Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $6.75.

Silvercorp Metals Stock Up 10.7%

The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $4.75 and a 200 day moving average of $4.23. The company has a market capitalization of $1.26 billion, a PE ratio of 22.33 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SVM. Marex Group plc purchased a new position in shares of Silvercorp Metals during the 2nd quarter worth approximately $119,000. CANADA LIFE ASSURANCE Co raised its holdings in Silvercorp Metals by 186.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 99,809 shares of the company's stock worth $421,000 after purchasing an additional 64,974 shares during the period. Man Group plc raised its holdings in Silvercorp Metals by 1,626.7% in the 2nd quarter. Man Group plc now owns 505,000 shares of the company's stock worth $2,131,000 after purchasing an additional 475,753 shares during the period. Lazard Asset Management LLC bought a new position in Silvercorp Metals in the 2nd quarter worth $1,098,000. Finally, Eschler Asset Management LLP purchased a new stake in Silvercorp Metals in the 2nd quarter worth $1,006,000. Hedge funds and other 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.

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