Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Up 6% – Should You Buy?

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) traded up 6% during trading on Friday . The company traded as high as $10.21 and last traded at $10.2720. 768,927 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 6,457,021 shares. The stock had previously closed at $9.69.

Analyst Ratings Changes

SVM has been the topic of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Raymond James Financial reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Finally, Roth Mkm set a $11.00 price target on Silvercorp Metals in a report on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Silvercorp Metals Trading Up 5.5%

The stock has a 50 day simple moving average of $11.39 and a 200-day simple moving average of $8.65. The firm has a market capitalization of $2.26 billion, a P/E ratio of -146.05 and a beta of 0.92.

Institutional Trading of Silvercorp Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its position in Silvercorp Metals by 238.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock worth $77,244,000 after acquiring an additional 6,511,389 shares during the period. Baillie Gifford & Co. bought a new stake in shares of Silvercorp Metals during the 4th quarter valued at $35,248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 purchasing an additional 2,534,155 shares in the last quarter. Tidal Investments LLC increased its stake 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. Finally, Van ECK Associates Corp raised its holdings 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 purchasing an additional 1,562,525 shares during the period. 22.30% of the stock is owned by hedge funds and other institutional investors.

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.