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

Silvercorp Metals (TSE:SVM) had its price objective lifted by equities researchers at BMO Capital Markets from C$7.00 to C$7.50 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 9.01% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Eight Capital raised 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 raised their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research report on Thursday, August 1st.

Silvercorp Metals Stock Up 1.3 %

Shares of Silvercorp Metals stock traded up C$0.09 during trading hours on Tuesday, reaching C$6.88. 252,544 shares of the company’s stock were exchanged, compared to its average volume of 408,589. The company has a 50 day moving average of C$5.78 and a two-hundred day moving average of C$5.21. Silvercorp Metals has a fifty-two week low of C$2.88 and a fifty-two week high of C$7.34. The company has a current ratio of 4.03, a quick ratio of 4.43 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$1.49 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.03 and a beta of 1.15.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$98.74 million during the quarter, compared to the consensus estimate of C$98.53 million. On average, sell-side analysts forecast that Silvercorp Metals will post 0.5394046 EPS for the current fiscal year.

Insider Buying and Selling

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