Silvercorp Metals (TSE:SVM – Free Report) had its target price lifted by Raymond James from C$5.50 to C$7.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for Silvercorp Metals’ FY2024 earnings at $0.26 EPS.
Other research analysts have also issued research reports about the company. BMO Capital Markets set a C$5.00 price objective on Silvercorp Metals and gave the stock an outperform rating in a report on Wednesday, February 21st. Canaccord Genuity Group upped their target price on Silvercorp Metals from C$4.50 to C$4.75 and gave the stock a buy rating in a research note on Monday, February 12th.
Read Our Latest Research Report on Silvercorp Metals
Silvercorp Metals Trading Down 6.6 %
Silvercorp Metals (TSE:SVM – Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$79.66 million during the quarter, compared to analyst estimates of C$74.39 million. Silvercorp Metals had a return on equity of 7.50% and a net margin of 15.01%. As a group, research analysts forecast that Silvercorp Metals will post 0.3522572 EPS for the current year.
Insiders Place Their Bets
In other news, Director Yikang Liu sold 15,167 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total transaction of C$61,053.24. In related news, Director Yikang Liu sold 15,167 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total transaction of C$61,053.24. Also, Director Rui Feng sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. 4.38% of the stock is owned by insiders.
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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