Silvercorp Metals (NYSEAMERICAN:SVM) Rating Lowered to “Hold” at Zacks Research

Silvercorp Metals (NYSEAMERICAN:SVM) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on SVM. Roth Capital reduced their price objective on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating for the company in a report on Tuesday, June 30th. Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Silvercorp Metals presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Silvercorp Metals Stock Up 7.0%

SVM opened at $9.53 on Monday. Silvercorp Metals has a fifty-two week low of $4.26 and a fifty-two week high of $15.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.58 and a quick ratio of 3.50. The firm’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $11.28. The company has a market capitalization of $2.11 billion, a P/E ratio of -238.19 and a beta of 1.13.

Institutional Trading of Silvercorp Metals

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased 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 buying an additional 1,170 shares in the last quarter. Parvin Asset Management LLC boosted its holdings in shares of Silvercorp Metals by 0.6% in the 1st quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock worth $2,204,000 after acquiring an additional 1,175 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Silvercorp Metals by 22.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock worth $62,000 after acquiring an additional 1,374 shares in the last quarter. First Heartland Consultants Inc. grew its position in Silvercorp Metals by 25.6% during the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock worth $120,000 after acquiring an additional 2,948 shares during the last quarter. Finally, DGS Capital Management LLC grew its position in Silvercorp Metals by 14.6% during the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock worth $216,000 after acquiring an additional 3,301 shares during the last quarter. 22.30% of the stock is currently owned by 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.