Silvercorp Metals Inc. (TSE:SVM – Get Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$6.70 and last traded at C$6.51, with a volume of 366692 shares trading hands. The stock had previously closed at C$6.44.
Analysts Set New Price Targets
SVM has been the topic of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Silvercorp Metals from C$6.00 to C$7.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 7th. Eight Capital upped their price objective on shares of Silvercorp Metals from C$6.20 to C$7.00 in a report on Thursday, July 11th. Finally, Raymond James upped their price objective on shares of Silvercorp Metals from C$7.00 to C$7.50 in a report on Thursday, August 1st.
View Our Latest Analysis on Silvercorp Metals
Silvercorp Metals Stock Performance
Silvercorp Metals (TSE:SVM – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.04. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%. The firm had revenue of C$98.74 million for the quarter, compared to the consensus estimate of C$98.53 million. As a group, research analysts predict that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.
Insider Activity at Silvercorp Metals
In related news, Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total value of C$312,531.38. Insiders have sold 107,593 shares of company stock valued at $602,814 in the last ninety days. Insiders own 3.67% of the company’s stock.
About Silvercorp Metals
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 a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.
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