Echelon Wealth Partners Remains a Buy on Silvercorp Metals (SVM)

Echelon Wealth Partners analyst Gabriel Gonzalez CFA maintained a Buy rating on Silvercorp Metals (SVMResearch Report) yesterday and set a price target of C$6.00. The company’s shares closed today at $2.11.

According to TipRanks, Gonzalez CFA is an analyst with an average return of -11.2% and a 28.21% success rate. Gonzalez CFA covers the Basic Materials sector, focusing on stocks such as GR Silver Mining, Argonaut Gold, and Silvercorp Metals.

Silvercorp Metals has an analyst consensus of Moderate Buy, with a price target consensus of $4.33.

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The company has a one-year high of $4.73 and a one-year low of $2.13. Currently, Silvercorp Metals has an average volume of 1.55M.

Based on the recent corporate insider activity of 55 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.

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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.

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