Silvercorp Metals (TSE:SVM) Price Target Increased to C$6.00 by Analysts at BMO Capital Markets

Silvercorp Metals (TSE:SVM) had its target price boosted by BMO Capital Markets from C$5.00 to C$6.00 in a report released on Thursday, BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group cut their price target on shares of Silvercorp Metals from C$7.50 to C$7.00 and set a buy rating on the stock in a research note on Wednesday. Raymond James lifted their price target on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday.

Silvercorp Metals Stock Performance

Shares of SVM stock opened at C$4.84 on Thursday. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. Silvercorp Metals has a 52 week low of C$2.88 and a 52 week high of C$5.47. The stock has a market capitalization of C$855.81 million, a PE ratio of 21.04, a P/E/G ratio of 0.03 and a beta of 0.91. The firm has a 50 day moving average of C$4.18 and a two-hundred day moving average of C$3.61.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. The business had revenue of C$79.66 million for the quarter, compared to analyst estimates of C$74.39 million. On average, research analysts predict that Silvercorp Metals will post 0.3522572 EPS for the current fiscal year.

Insider Buying and Selling at Silvercorp Metals

In other news, Director Rui Feng sold 40,000 shares of Silvercorp Metals stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. In other news, Director Yikang Liu sold 15,167 shares of Silvercorp Metals stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. Also, Director Rui Feng sold 40,000 shares of Silvercorp Metals stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. 4.38% of the stock is currently owned by company insiders.

Silvercorp Metals Company Profile

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.