Silvercorp Metals (NYSEAMERICAN:SVM) Price Target Cut to $6.00 by Analysts at Roth Mkm

Silvercorp Metals (NYSEAMERICAN:SVM) had its target price cut by Roth Mkm from $6.50 to $6.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Silvercorp Metals Stock Performance

Shares of Silvercorp Metals stock opened at $3.46 on Wednesday. The firm has a market capitalization of $612.61 million, a price-to-earnings ratio of 15.39 and a beta of 1.21. Silvercorp Metals has a 52 week low of $2.08 and a 52 week high of $3.98.

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

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds have recently made changes to their positions in SVM. U S Global Investors Inc. lifted its stake in shares of Silvercorp Metals by 367.1% during the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock worth $3,807,000 after purchasing an additional 917,700 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Silvercorp Metals by 8.2% during the 4th quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock worth $23,949,000 after purchasing an additional 693,952 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Silvercorp Metals by 5.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock worth $9,514,000 after purchasing an additional 219,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Silvercorp Metals by 2.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company’s stock worth $11,697,000 after purchasing an additional 100,973 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Silvercorp Metals during the 4th quarter worth $260,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Company Profile

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.