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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.00.

Separately, Roth Mkm reiterated a “neutral” rating and set a $12.50 price target on shares of Silvercorp Metals in a research note on Monday, April 20th.

Silvercorp Metals Price Performance

NYSEAMERICAN:SVM opened at $12.56 on Thursday. The company has a market capitalization of $2.78 billion, a P/E ratio of -179.40 and a beta of 1.08. The business has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $10.28. Silvercorp Metals has a 1 year low of $3.57 and a 1 year high of $15.77.

Hedge Funds Weigh In On Silvercorp Metals

Several large investors have recently modified their holdings of SVM. EverSource Wealth Advisors LLC raised its position in shares of Silvercorp Metals by 18.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after purchasing an additional 1,170 shares during the period. Parvin Asset Management LLC boosted its holdings in 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 buying an additional 1,175 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in 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 buying an additional 1,374 shares during the period. First Heartland Consultants Inc. grew its stake in Silvercorp Metals by 25.6% in the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock valued at $120,000 after buying an additional 2,948 shares in the last quarter. Finally, DGS Capital Management LLC raised its holdings in Silvercorp Metals by 14.6% during the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after acquiring an additional 3,301 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.

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.