Now Is A Suitable Moment For A Long-Term Purchase Of Silvercorp Metals Inc. (AMEX: SVM)


With over 1.75 million Silvercorp Metals Inc. (SVM) shares trading Tuesday and a closing price of $7.43 on the day, the dollar volume was approximately $12.97 million. The shares have shown a negative weekly performance of -6.89% and its price on 08/25/20 lost nearly -0.67%. Currently, there are 174.00M common shares owned by the public and among those 167.45M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for SVM have a consensus price objective of $7.01. The analysts have set the share’s price value over the next 12 months at a high of $8.25 and a low of $5.60 should the stock experience a downside. Incidentally, analysts’ outlook for the Silvercorp Metals Inc. stock is 2.00 for the next 12 months. The average price target is -111.08% below its last price level and a downside to the estimated low will see the stock lose -32.68% over that period. But an upside of 9.94% will see the stock hit the forecast high price target while mean target price for the stock is $6.73.

The top 3 mutual fund holders in Silvercorp Metals Inc. are VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and Merian Glb. Invs. Ser. Plc – Gold. VanEck Vectors – Gold Miners ETF owns 9.38 million shares of the company’s stock, all valued at over $67.91 million. The company bought an additional 28496.0 shares recently to bring their total holdings to about 5.38% of the shares outstanding. VanEck Vectors – Junior Gold Mine bought 0.1 million shares to see its total holdings expand to 7.93 million shares valued at over $57.39 million and representing 4.55% of the shares outstanding. Merian Glb. Invs. Ser. Plc – Gold sold -1.12 million shares to bring its total holdings to over 5.0 million shares at a value of $36.19 million. Merian Glb. Invs. Ser. Plc – Gold now owns shares totaling to 2.87% of the shares outstanding.

Shares of Silvercorp Metals Inc. (AMEX: SVM) opened at $7.51, up $0.03 from a prior closing price of $7.48. However, the script later closed the day at $7.43, down -0.67%. The company’s stock has a 5-day price change of -6.89% and 79.04% over the past three months. SVM shares are trading 31.04% year to date (YTD), with the 12-month market performance up to 86.22% higher. It has a 12-month low price of $1.50 and touched a high of $8.49 over the same period. Currently, 1.75 million shares have been traded, compared to an average intraday trading volume of 2.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.88%, 14.58%, and 51.21% respectively.

Institutional ownership of Silvercorp Metals Inc. (AMEX: SVM) shares accounts for 26.80% of the company’s 174.00M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $1.34B and a beta (3y monthly) value of 1.48. The stock’s trailing 12-month PE ratio is 34.24, while the earnings-per-share (ttm) stands at $0.22. The company has a PEG of 6.85 and a Quick Ratio of 4.90 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.96% over the week and 5.36% over the month.

Analysts forecast that Silvercorp Metals Inc. (SVM) will achieve an EPS of $0.04 for the current quarter, $0.07 for the next quarter and $0.26 for 2019. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.05. Earnings per share for the fiscal year are expected to decrease by -15.50%, and -22.54% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 18.40% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Silvercorp Metals Inc. (SVM) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the SVM, a number of firms have released research notes about the stock. Alliance Global Partners stated their Neutral rating for the stock in a research note on July 20, 2020, with the firm’s price target at. Alliance Global Partners coverage for the Silvercorp Metals Inc. (SVM) stock in a research note released on March 11, 2020 offered a Buy rating with a price target of $4.50. Alliance Global Partners was of a view on November 12, 2019 that the stock is Neutral, while BMO Capital Markets gave the stock Market Perform rating on September 11, 2019, issuing a price target of. ROTH Capital on their part issued Buy rating on August 29, 2017.


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