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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.00.

SVM has been the topic of a number of research analyst reports. Roth Capital downgraded shares of Silvercorp Metals from a “buy” rating to a “neutral” rating and set a $10.50 price objective on the stock. in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating on shares of Silvercorp Metals in a research report on Friday. Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. Finally, Cormark raised Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th.

Silvercorp Metals Stock Up 8.2%

SVM opened at $12.24 on Friday. The business has a 50 day simple moving average of $8.35 and a 200-day simple moving average of $6.49. Silvercorp Metals has a 12 month low of $2.93 and a 12 month high of $12.42. The stock has a market capitalization of $2.70 billion, a P/E ratio of 102.01 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.59 and a quick ratio of 4.50.

Silvercorp Metals Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a $0.0125 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 32.0%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Institutional Investors Weigh In On Silvercorp Metals

Several institutional investors and hedge funds have recently made changes to their positions in SVM. Brady Martz Wealth Solutions LLC acquired a new position in Silvercorp Metals in the 4th quarter valued at $95,000. First Heartland Consultants Inc. grew its position in shares of Silvercorp Metals by 25.6% in the fourth quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock valued at $120,000 after purchasing an additional 2,948 shares during the period. JPMorgan Chase & Co. increased its stake in Silvercorp Metals by 1,253.6% in the third quarter. JPMorgan Chase & Co. now owns 943,902 shares of the company’s stock valued at $5,965,000 after purchasing an additional 874,170 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Silvercorp Metals during the third quarter worth about $8,547,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in Silvercorp Metals by 111.4% during the third quarter. CANADA LIFE ASSURANCE Co now owns 211,012 shares of the company’s stock worth $1,315,000 after buying an additional 111,203 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

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.