Silvercorp Metals (TSE:SVM) Downgraded to “Hold” Rating by Roth Capital

Roth Capital cut shares of Silvercorp Metals (TSE:SVM) from a strong-buy rating to a hold rating in a research note published on Tuesday, Marketbeat.com reports.

A number of other research analysts have also issued reports on the company. Canaccord Genuity Group boosted their target price on Silvercorp Metals from C$9.50 to C$13.00 in a report on Thursday, October 2nd. Cormark upgraded shares of Silvercorp Metals to a “moderate buy” rating in a research report on Thursday, September 25th. Finally, BMO Capital Markets boosted their price objective on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research note on Friday, January 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.25.

Silvercorp Metals Price Performance

Shares of SVM opened at C$16.86 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.43 and a current ratio of 3.04. Silvercorp Metals has a fifty-two week low of C$4.22 and a fifty-two week high of C$17.17. The firm has a 50-day simple moving average of C$11.59 and a 200-day simple moving average of C$9.00. The company has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 153.27, a price-to-earnings-growth ratio of 0.03 and a beta of 2.07.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. Silvercorp Metals had a return on equity of 9.91% and a net margin of 23.07%.The firm had revenue of C$116.03 million during the quarter. On average, equities research analysts anticipate that Silvercorp Metals will post 0.5394046 earnings per share for the current year.

Insider Activity at Silvercorp Metals

In related news, Director Yikang Liu sold 9,999 shares of Silvercorp Metals stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total value of C$118,388.16. Following the sale, the director directly owned 113,333 shares in the company, valued at C$1,341,862.72. The trade was a 8.11% decrease in their ownership of the stock. 3.67% of the stock is owned by corporate insiders.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.