Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.50.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVM. State of Wyoming purchased a new stake in shares of Silvercorp Metals in the 2nd quarter valued at approximately $47,000. Banque Cantonale Vaudoise purchased a new stake in shares of Silvercorp Metals during the 3rd quarter worth $57,000. Employees Retirement System of Texas acquired a new position in shares of Silvercorp Metals during the fourth quarter worth $61,000. TD Waterhouse Canada Inc. grew its stake in shares of Silvercorp Metals by 22.9% during the fourth 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

Shares of SVM stock opened at $11.45 on Tuesday. The company has a quick ratio of 3.50, a current ratio of 3.58 and a debt-to-equity ratio of 0.10. Silvercorp Metals has a 52 week low of $4.29 and a 52 week high of $15.77. The stock has a market capitalization of $2.53 billion, a PE ratio of -286.18 and a beta of 1.15. The firm has a 50 day moving average of $10.38 and a two-hundred day moving average of $11.32.

Silvercorp Metals Announces Dividend

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

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.