Silvercorp Metals (TSE:SVM) PT Lowered to C$7.00 at Canaccord Genuity Group

Silvercorp Metals (TSE:SVM) had its price objective trimmed by Canaccord Genuity Group from C$7.50 to C$7.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Raymond James increased their price objective on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday, April 23rd. BMO Capital Markets set a C$5.00 price objective on shares of Silvercorp Metals and gave the company an outperform rating in a research note on Wednesday, February 21st.

Silvercorp Metals Price Performance

Shares of SVM stock opened at C$4.52 on Wednesday. The company has a market capitalization of C$799.23 million, a PE ratio of 19.65, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91. The firm has a fifty day simple moving average of C$4.20 and a 200-day simple moving average of C$3.62. The company has a current ratio of 3.73, a quick ratio of 4.43 and a debt-to-equity ratio of 0.07. Silvercorp Metals has a twelve month low of C$2.88 and a twelve month high of C$5.47.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.08 EPS 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 firm had revenue of C$79.66 million for the quarter, compared to the consensus estimate of C$74.39 million. Equities research analysts anticipate that Silvercorp Metals will post 0.3522572 earnings per share for the current fiscal year.

Insider Transactions at Silvercorp Metals

In other news, Director Rui Feng sold 40,000 shares of the firm’s 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 the firm’s 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 the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total transaction of C$207,200.00. Insiders own 4.38% of the company’s stock.

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.