Silvercorp Metals (TSE:SVM) Price Target Raised to C$7.50

Silvercorp Metals (TSE:SVM) had its price target hoisted by stock analysts at BMO Capital Markets from C$7.00 to C$7.50 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 9.01% from the company’s previous close.

Several other brokerages have also issued reports on SVM. Raymond James increased their price objective on Silvercorp Metals from C$7.00 to C$7.50 in a report on Thursday, August 1st. Eight Capital increased their target price on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th.

Silvercorp Metals Stock Up 1.3 %

Shares of TSE:SVM traded up C$0.09 during midday trading on Tuesday, hitting C$6.88. 252,544 shares of the stock were exchanged, compared to its average volume of 408,589. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03. Silvercorp Metals has a 52-week low of C$2.88 and a 52-week high of C$7.34. The business’s fifty day simple moving average is C$5.78 and its two-hundred day simple moving average is C$5.21. The company has a market capitalization of C$1.49 billion, a PE ratio of 18.62, a P/E/G ratio of 0.03 and a beta of 1.15.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.04. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. The business had revenue of C$98.74 million during the quarter, compared to analyst estimates of C$98.53 million. As a group, research analysts predict that Silvercorp Metals will post 0.5394046 earnings per share for the current fiscal year.

Insider Buying and Selling at Silvercorp Metals

In other Silvercorp Metals news, Senior Officer Derek Zhihua Liu sold 52,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$5.32, for a total transaction of C$279,247.50. In related news, Director Yikang Liu sold 3,800 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 52,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$5.32, for a total transaction of C$279,247.50. In the last 90 days, insiders sold 112,893 shares of company stock worth $639,929. Insiders own 3.67% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.