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

Silvercorp Metals (NYSEAMERICAN:SVM) had its price target decreased by Roth Mkm from $6.50 to $6.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price would suggest a potential upside of 69.01% from the company’s current price.

Silvercorp Metals Price Performance

Shares of SVM opened at $3.55 on Wednesday. Silvercorp Metals has a 1-year low of $2.08 and a 1-year high of $3.98. The company has a market cap of $629.45 million, a PE ratio of 20.88 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.06 earnings per share 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 business had revenue of $58.51 million during the quarter, compared to analysts’ expectations of $55.10 million. As a group, sell-side analysts expect that Silvercorp Metals will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of Silvercorp Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. U S Global Investors Inc. grew its stake in Silvercorp Metals by 367.1% in the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock worth $3,807,000 after acquiring an additional 917,700 shares during the period. PFG Investments LLC purchased a new stake in Silvercorp Metals in the 1st quarter worth approximately $40,000. Sprott Inc. grew its stake in Silvercorp Metals by 4.7% in the 4th quarter. Sprott Inc. now owns 994,445 shares of the company’s stock worth $2,595,000 after acquiring an additional 44,754 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Silvercorp Metals in the 4th quarter worth approximately $119,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Silvercorp Metals by 77.3% during 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 during the period. 22.30% of the stock is owned by hedge funds and other 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.