Roth MKM Keeps Their Buy Rating on Silvercorp Metals (SVM)

Roth MKM analyst Joseph Reagor maintained a Buy rating on Silvercorp Metals today and set a price target of $8.25. The company’s shares closed yesterday at $6.63.

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According to TipRanks, Reagor is a 5-star analyst with an average return of 22.3% and a 53.12% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Silvercorp Metals, Avino Silver & Gold, and US Gold.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Silvercorp Metals with a $6.47 average price target, implying a -2.41% downside from current levels. In a report released on September 25, Cormark Securities also initiated coverage with a Buy rating on the stock with a C$11.00 price target.

SVM market cap is currently $1.42B and has a P/E ratio of 24.75.

Based on the recent corporate insider activity of 56 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.