Insider Selling: Silvercorp Metals Inc. (TSE:SVM) Senior Officer Sells 10,000 Shares of Stock

Silvercorp Metals Inc. (TSE:SVM) Senior Officer Derek Zhihua Liu sold 10,000 shares of the firm’s stock in a transaction on Friday, October 8th. The stock was sold at an average price of C$4.86, for a total value of C$48,600.00. Following the transaction, the insider now owns 90,001 shares in the company, valued at C$437,404.86.

Shares of Silvercorp Metals stock opened at C$5.14 on Thursday. The company has a quick ratio of 4.97, a current ratio of 5.26 and a debt-to-equity ratio of 0.27. Silvercorp Metals Inc. has a twelve month low of C$4.58 and a twelve month high of C$10.93. The business has a 50-day moving average price of C$5.26 and a 200 day moving average price of C$6.31. The firm has a market cap of C$906.46 million and a PE ratio of 17.13.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Thursday, August 5th. The company reported C$0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.09 by C($0.01). The company had revenue of C$72.27 million during the quarter, compared to analysts’ expectations of C$68.63 million. On average, sell-side analysts expect that Silvercorp Metals Inc. will post 0.4490982 EPS for the current year.

Several brokerages recently weighed in on SVM. Raymond James dropped their target price on Silvercorp Metals from C$8.75 to C$7.00 and set a “market perform” rating on the stock in a research note on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Silvercorp Metals in a research report on Friday, October 1st. Four research analysts have rated the stock with a hold rating, Based on data from, the stock has a consensus rating of “Hold” and a consensus target price of C$9.00.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest in Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China; and GC silver-lead-zinc mine in Guangdong Province, China.

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