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

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.25.

SVM has been the subject of a number of analyst reports. Roth Mkm set a $11.00 target price on shares of Silvercorp Metals in a research report on Tuesday. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, January 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Silvercorp Metals by 31.6% in the 1st quarter. Royal Bank of Canada now owns 444,453 shares of the company’s stock valued at $1,720,000 after purchasing an additional 106,813 shares during the period. NewEdge Advisors LLC acquired a new position in Silvercorp Metals during the first quarter worth approximately $97,000. Goldman Sachs Group Inc. raised its stake in Silvercorp Metals by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock valued at $3,273,000 after buying an additional 28,803 shares during the period. Jane Street Group LLC lifted its position in shares of Silvercorp Metals by 91.4% in the first quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock valued at $396,000 after buying an additional 48,854 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Silvercorp Metals by 22.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,779 shares of the company’s stock worth $109,000 after acquiring an additional 4,790 shares during the period. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Trading Up 7.9%

SVM stock opened at $10.98 on Tuesday. The stock has a 50-day moving average price of $9.85 and a two-hundred day moving average price of $7.30. Silvercorp Metals has a 1 year low of $3.15 and a 1 year high of $14.00. The stock has a market cap of $2.42 billion, a PE ratio of -156.83 and a beta of 0.97.

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.