Silvercorp Metals Inc. (TSE:SVM – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$6.87 and last traded at C$6.68, with a volume of 86579 shares trading hands. The stock had previously closed at C$6.69.
Analyst Upgrades and Downgrades
SVM has been the subject of several recent research reports. Eight Capital boosted their target price on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th. 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. Finally, BMO Capital Markets boosted their price target on Silvercorp Metals from C$6.00 to C$7.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 7th.
Read Our Latest Analysis on SVM
Silvercorp Metals Trading Down 1.2 %
Silvercorp Metals (TSE:SVM – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.04. The company had revenue of C$98.74 million during the quarter, compared to analysts’ expectations of C$98.53 million. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%. As a group, sell-side analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current fiscal year.
Insider Buying and Selling at Silvercorp Metals
In other news, Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 90 days. 3.67% of the stock is currently owned by insiders.
About Silvercorp Metals
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.
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