Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives Average Rating of “Buy” from Analysts

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $10.50.

Several equities research analysts recently issued reports on the company. Zacks Research raised Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Finally, Roth Capital dropped their target price on shares of Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating for the company in a research report on Tuesday, June 30th.

Silvercorp Metals Price Performance

SVM stock opened at $9.59 on Friday. The firm has a 50 day moving average of $11.78 and a 200-day moving average of $11.25. The firm has a market capitalization of $2.12 billion, a P/E ratio of -239.69 and a beta of 1.13. Silvercorp Metals has a 12 month low of $4.26 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.

Silvercorp Metals Dividend Announcement

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

Institutional Investors Weigh In On Silvercorp Metals

A number of large investors have recently added to or reduced their stakes in SVM. Tidal Investments LLC boosted its holdings in shares of Silvercorp Metals by 24.2% in the 3rd 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 raised its holdings in shares of Silvercorp Metals by 238.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock valued at $77,244,000 after buying an additional 6,511,389 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Silvercorp Metals by 38.4% in 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 last quarter. Van ECK Associates Corp lifted 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 worth $57,097,000 after buying an additional 1,562,525 shares during the last quarter. Finally, Baillie Gifford & Co. bought a new stake in Silvercorp Metals in the 4th quarter worth approximately $35,248,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.