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

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

Silvercorp Metals Stock Performance

Shares of NYSEAMERICAN:SVM opened at $3.31 on Wednesday. The firm has a market cap of $586.90 million, a price-to-earnings ratio of 19.47 and a beta of 1.21. Silvercorp Metals has a one year low of $2.08 and a one year high of $3.98.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Thursday, February 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $58.51 million for the quarter, compared to analysts’ expectations of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. As a group, equities research analysts forecast that Silvercorp Metals will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On Silvercorp Metals

Hedge funds have recently made changes to their positions in the business. Evergreen Capital Management LLC purchased a new position in shares of Silvercorp Metals in the 3rd quarter worth $39,000. PFG Investments LLC bought a new stake in Silvercorp Metals in the first quarter valued at about $40,000. Vanguard Personalized Indexing Management LLC increased its holdings 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 valued at $44,000 after buying an additional 4,855 shares during the last quarter. PEAK6 Investments LLC bought a new position in shares of Silvercorp Metals during the third quarter valued at approximately $46,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Silvercorp Metals by 77.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after purchasing an additional 11,546 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

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.