Silvercorp Metals (NYSEAMERICAN:SVM) Price Target Lowered to $6.00 at Roth Mkm

Silvercorp Metals (NYSEAMERICAN:SVM) had its price objective decreased by Roth Mkm from $6.50 to $6.00 in a report issued on Wednesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Silvercorp Metals Price Performance

SVM stock opened at $3.31 on Wednesday. Silvercorp Metals has a twelve month low of $2.08 and a twelve month high of $3.98. The company has a market cap of $586.90 million, a PE ratio of 19.47 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. The firm had revenue of $58.51 million during the quarter, compared to the consensus estimate of $55.10 million. On average, analysts anticipate that Silvercorp Metals will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC bought a new stake in Silvercorp Metals in the third quarter worth about $39,000. PFG Investments LLC bought a new stake in Silvercorp Metals in the first quarter worth about $40,000. Vanguard Personalized Indexing Management LLC raised its position in Silvercorp Metals by 34.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after acquiring an additional 4,855 shares in the last quarter. PEAK6 Investments LLC bought a new stake in Silvercorp Metals in the third quarter worth about $46,000. Finally, Dynamic Technology Lab Private Ltd raised its position in Silvercorp Metals by 77.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after acquiring an additional 11,546 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.

About Silvercorp Metals

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.