Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.71, but opened at $4.99. Silvercorp Metals shares last traded at $5.00, with a volume of 1,313,556 shares trading hands.
Analyst Ratings Changes
Separately, Roth Mkm dropped their target price on shares of Silvercorp Metals from $6.00 to $5.10 and set a "buy" rating on the stock in a research report on Wednesday, August 21st.
Check Out Our Latest Research Report on Silvercorp Metals
Silvercorp Metals Trading Up 6.8 %
The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.63 and a beta of 1.35.
Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. The business had revenue of $72.17 million for the quarter, compared to analyst estimates of $72.00 million. On average, research analysts expect that Silvercorp Metals Inc. will post 0.35 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SVM. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Silvercorp Metals by 4.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company's stock valued at $15,226,000 after buying an additional 199,916 shares in the last quarter. Tidal Investments LLC acquired a new position in Silvercorp Metals in the 1st quarter valued at $17,619,000. Virtu Financial LLC acquired a new position in Silvercorp Metals in the 1st quarter valued at $206,000. Williams & Novak LLC acquired a new position in Silvercorp Metals in the 2nd quarter valued at $61,000. Finally, First Heartland Consultants Inc. acquired a new position in Silvercorp Metals in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 22.30% of the company's stock.
Silvercorp Metals Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Silvercorp Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvercorp Metals wasn't on the list.
While Silvercorp Metals currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
