Silvercorp Metals (NYSEAMERICAN:SVM) Price Target Cut to $6.00

Silvercorp Metals (NYSEAMERICAN:SVMGet Free Report) had its price target reduced by Roth Mkm from $6.50 to $6.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 69.73% from the stock’s current price.

Silvercorp Metals Stock Up 3.1 %

NYSEAMERICAN SVM opened at $3.54 on Wednesday. The firm has a market cap of $626.79 million, a P/E ratio of 20.79 and a beta of 1.21. Silvercorp Metals has a 1 year low of $2.08 and a 1 year high of $3.98.

Silvercorp Metals (NYSEAMERICAN:SVMGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $58.51 million during the quarter, compared to the consensus estimate of $55.10 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. On average, equities research analysts expect that Silvercorp Metals will post 0.19 earnings per share for the current year.

Institutional Trading of Silvercorp Metals

Hedge funds have recently bought and sold shares of the stock. Evergreen Capital Management LLC acquired a new position in shares of Silvercorp Metals in the 3rd quarter valued at $39,000. PFG Investments LLC acquired a new position in shares of Silvercorp Metals in the 1st quarter valued at $40,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Silvercorp Metals by 34.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock valued at $44,000 after buying an additional 4,855 shares in the last quarter. PEAK6 Investments LLC acquired a new position in shares of Silvercorp Metals in the 3rd quarter valued at $46,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Silvercorp Metals by 77.3% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after buying an additional 11,546 shares in the last quarter. 22.30% of the stock is owned by institutional investors.

About Silvercorp Metals

(Get Free Report)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.

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