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

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.6250.

SVM has been the subject of several research reports. Roth Mkm upgraded Silvercorp Metals from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.25 to $13.75 in a research note on Monday. Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a research note on Monday.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in Silvercorp Metals by 163.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $40,000 after purchasing an additional 3,929 shares during the period. Banque Cantonale Vaudoise bought a new position in Silvercorp Metals in the 3rd quarter worth about $57,000. Employees Retirement System of Texas bought a new position in Silvercorp Metals in the 4th quarter worth about $61,000. TD Waterhouse Canada Inc. boosted its stake 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 purchasing an additional 1,374 shares during the period. Finally, State of Wyoming bought a new position in Silvercorp Metals in the 1st quarter worth about $64,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

SVM stock opened at $11.32 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.50 and a current ratio of 3.58. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -282.93 and a beta of 1.08. Silvercorp Metals has a fifty-two week low of $3.96 and a fifty-two week high of $15.77. The stock has a fifty day moving average of $12.33 and a 200-day moving average of $11.03.

Silvercorp Metals Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 25th. Shareholders of record on Friday, June 5th will be paid a $0.0125 dividend. The ex-dividend date is Friday, June 5th. This represents a yield of 23.0%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

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.