Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.50.

Several equities analysts have recently commented on SVM shares. Roth Capital decreased their price objective on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Zacks Research downgraded shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th.

Silvercorp Metals Stock Up 6.6%

Shares of SVM opened at $12.21 on Tuesday. The company’s 50-day moving average price is $10.37 and its 200 day moving average price is $11.32. Silvercorp Metals has a 12-month low of $4.29 and a 12-month high of $15.77. The company has a current ratio of 3.58, a quick ratio of 3.50 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2.70 billion, a P/E ratio of -305.17 and a beta of 1.15.

Silvercorp Metals Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 25th. Investors of record on Friday, June 5th were paid a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a yield of 23.0%. Silvercorp Metals’s dividend payout ratio is presently 8.33%.

Hedge Funds Weigh In On Silvercorp Metals

Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its position in shares of Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after purchasing an additional 2,138,301 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Silvercorp Metals by 238.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock worth $77,244,000 after buying an additional 6,511,389 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Silvercorp Metals by 38.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after buying an additional 2,534,155 shares during the period. Van ECK Associates Corp boosted its position in Silvercorp Metals by 29.6% in the 4th quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company’s stock valued at $57,097,000 after buying an additional 1,562,525 shares during the period. Finally, Baillie Gifford & Co. purchased a new position in Silvercorp Metals in the 4th quarter valued at approximately $35,248,000. 22.30% of the stock is owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

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.