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

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $10.3750.

Separately, Roth Mkm restated a “neutral” rating and set a $13.25 price target on shares of Silvercorp Metals in a research report on Monday, June 1st.

Silvercorp Metals Stock Performance

SVM stock opened at $11.30 on Monday. The company’s 50-day simple moving average is $12.25 and its 200-day simple moving average is $10.90. 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 $3.96 and a 52-week high of $15.77. The firm has a market cap of $2.50 billion, a P/E ratio of -282.43 and a beta of 1.08.

Silvercorp Metals Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, June 5th will be given a dividend of $0.0125 per share. This represents a dividend yield of 23.0%. The ex-dividend date is Friday, June 5th. Silvercorp Metals’s dividend payout ratio is 8.33%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Silvercorp Metals by 18.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock worth $63,000 after purchasing an additional 1,170 shares during the last quarter. Parvin Asset Management LLC raised its position in shares of Silvercorp Metals by 0.6% during the 1st quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock worth $2,204,000 after purchasing an additional 1,175 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Silvercorp Metals by 22.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after acquiring an additional 1,374 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in Silvercorp Metals by 25.6% in the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company’s stock valued at $120,000 after acquiring an additional 2,948 shares during the last quarter. Finally, DGS Capital Management LLC raised its holdings in Silvercorp Metals by 14.6% in the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after acquiring an additional 3,301 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

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.