Silvercorp Metals Inc (TSE:SVM) Director Rui Feng Sells 30,000 Shares

Silvercorp Metals Inc (TSE:SVM) Director Rui Feng sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$6.42, for a total value of C$192,645.00. Following the sale, the director now owns 5,128,000 shares of the company’s stock, valued at C$32,929,452.

Rui Feng also recently made the following trade(s):

  • On Monday, November 18th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The stock was sold at an average price of C$6.27, for a total value of C$188,088.00.
  • On Thursday, August 29th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$5.69, for a total value of C$170,829.00.

Shares of SVM stock traded down C$0.08 during trading hours on Friday, reaching C$6.22. The company had a trading volume of 333,744 shares, compared to its average volume of 417,788. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.18 and a current ratio of 4.70. Silvercorp Metals Inc has a twelve month low of C$2.43 and a twelve month high of C$6.55. The company has a market capitalization of $1.10 billion and a P/E ratio of 23.92. The stock’s fifty day simple moving average is C$5.52 and its 200 day simple moving average is C$4.43.

Silvercorp Metals (TSE:SVM) last posted its earnings results on Thursday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.04. The company had revenue of C$65.86 million during the quarter, compared to analyst estimates of C$58.77 million. As a group, equities analysts expect that Silvercorp Metals Inc will post 0.23 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th will be paid a $0.0125 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a dividend yield of 0.19%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 9.62%.

A number of equities research analysts have recently issued reports on the company. Eight Capital increased their target price on Silvercorp Metals from C$4.00 to C$5.00 in a research note on Thursday, August 8th. BMO Capital Markets lowered Silvercorp Metals from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$5.50 to C$5.75 in a research note on Wednesday, September 11th.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.

Further Reading: Earnings Reports

Insider Buying and Selling by Quarter for Silvercorp Metals (TSE:SVM)

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