In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Silvercorp Metals (SVM). Analyst Ryan Thompson from BMO Capital reiterated a Buy rating, with a C$4.50 price target.
According to TipRanks.com, Thompson has currently no stars on a ranking scale of 0-5 stars, with an average return of -18.1% and a 23.3% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, First Majestic Silver, and Silvercorp Metals Inc.
Silvercorp Metals has an analyst consensus of Moderate Buy, with a price target consensus of C$4.50.
Silvercorp Metals’ market cap is currently C$453.1M and has a P/E ratio of 7.6. The company has a Price to Book ratio of 1.07.
Silvercorp Metals, Inc. is a low-cost silver producing Canadian mining company with multiple mines in China. It engages in the acquisition, exploration, development and mining of precious and base metal properties in China and Canada. The company was founded by Rui Feng on October 31, 1991 and is headquartered in Vancouver, Canada.
The company’s shares closed on Monday at C$2.64, close to its 52-week low of C$2.43.
