Raymond James Reaffirms Their Buy Rating on Silvercorp Metals (SVM)

Raymond James analyst Craig Stanley maintained a Buy rating on Silvercorp Metals (SVM – Research Report) today and set a price target of C$7.00. The company’s shares closed today at $3.54.

Stanley covers the Basic Materials sector, focusing on stocks such as Silvercorp Metals, Lundin Gold, and Osisko Mining. According to TipRanks, Stanley has an average return of -4.4% and a 43.24% success rate on recommended stocks.

Currently, the analyst consensus on Silvercorp Metals is a Strong Buy with an average price target of $4.72, a 33.52% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$7.50 price target.

The company has a one-year high of $3.98 and a one-year low of $2.07. Currently, Silvercorp Metals has an average volume of 1.97M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SVM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Silvercorp Metals (SVM) Company Description:

Silvercorp Metals, Inc. engages in the development and exploration of mineral properties. It operates through the Mining, and Administrative segments. The Mining segment comprises of the operation in Henan Luoning, Hunan, Guangdong, and other. The Administrative segment covers operation in Vancouver, and Beijing. The company was founded by Rui Feng on October 31, 1991 and is headquartered in Vancouver, Canada.