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

Silvercorp Metals (NYSEAMERICAN:SVM) had its price objective trimmed by Roth Mkm from $6.50 to $6.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Silvercorp Metals Price Performance

SVM stock opened at $3.31 on Wednesday. The firm has a market cap of $586.90 million, a PE ratio of 19.47 and a beta of 1.21. Silvercorp Metals has a 52 week low of $2.08 and a 52 week high of $3.98.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $58.51 million during the quarter, compared to the consensus estimate of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. On average, analysts forecast that Silvercorp Metals will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Silvercorp Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in Silvercorp Metals by 8.2% in the 4th quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock valued at $23,949,000 after purchasing an additional 693,952 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Silvercorp Metals by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company’s stock valued at $11,697,000 after purchasing an additional 100,973 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Silvercorp Metals by 5.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock valued at $9,514,000 after purchasing an additional 219,000 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Silvercorp Metals by 0.3% in the 3rd quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock valued at $3,679,000 after purchasing an additional 5,524 shares in the last quarter. Finally, U S Global Investors Inc. increased its holdings in Silvercorp Metals by 367.1% in the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock valued at $3,807,000 after purchasing an additional 917,700 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

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.