Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) Roth Mkm Inc. has lowered its price target by Roth Mkm from $6.00 to $5.10 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective indicates a potential upside of 31.78% from the company’s previous close.

Silvercorp Metals shares down 0.5%

Silvercorp Metals shares opened at $3.87 on Wednesday. The company has a market cap of $837.82 million, a PE ratio of 19.30 and a beta of 1.26. Silvercorp Metals has a 52-week low of $2.08 and a 52-week high of $4.39.

Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last released its quarterly earnings results on Tuesday, August 13. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Silvercorp Metals had a net margin of 21.57% and a return on equity of 7.95%. The company had revenue of $72.17 million during the quarter, compared to analysts’ expectations of $72.00 million. Equities research analysts expect Silvercorp Metals to post 0.23 EPS for the current fiscal year.

Institutional Trading in Silvercorp Metals

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Heartland Consultants Inc. purchased a new stake in shares of Silvercorp Metals during the 2nd quarter worth approximately $34,000. PFG Investments LLC acquired a new stake in shares of Silvercorp Metals during the 1st quarter worth $40,000. Toronto Dominion Bank increased its stake in shares of Silvercorp Metals by 56.3% in the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after acquiring an additional 5,435 shares during the period. Rathbones Group PLC increased its holdings in shares of Silvercorp Metals by 27.4% in the 2nd quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock worth $57,000 after purchasing an additional 3,690 shares in the last quarter. Finally, Williams & Novak LLC purchased a new position in shares of Silvercorp Metals during the second quarter worth about $61,000. 22.30% of the shares are currently owned by hedge funds and other institutional investors.

Company Profile Silvercorp Metals

(Get free report)

Silvercorp Metals Inc, together with its subsidiaries, is engaged in the acquisition, exploration, development and mining of mineral properties in China. The Company primarily explores for silver, gold, lead and zinc metals. It has a 100% interest in the Kuanping silver-lead-zinc-gold project in Shanzhou District, Sanmenxia City, Henan Province, China; the Ying Project in Ying Mining District, Henan Province, China; the Gaocheng (GC) mine in Guangdong Province, China; and the Baiyunpu (BYP) mine in Hunan Province, China.

Read more

Get daily news and reviews for Silvercorp Metals – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings on Silvercorp Metals and related companies with MarketBeat.com’s FREE daily email newsletter.