Ventum Capital Reiterates C$1.60 Price Target for Silver X Mining (CVE:AGX)

Silver X Mining (CVE:AGX) has been given a C$1.60 price target by stock analysts at Ventum Capital in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Ventum Capital’s price target indicates a potential upside of 79.78% from the stock’s current price.

Several other brokerages have also issued reports on AGX. Ventum Financial set a C$1.60 price target on Silver X Mining and gave the company a “buy” rating in a research note on Wednesday. Fundamental Research set a C$1.65 target price on shares of Silver X Mining and gave the company a “buy” rating in a research report on Tuesday, August 18th. Finally, Maxim Group raised shares of Silver X Mining to a “strong-buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$1.62.

Silver X Mining Trading Up 7.2%

AGX traded up C$0.06 during mid-day trading on Thursday, reaching C$0.89. The stock had a trading volume of 472,750 shares, compared to its average volume of 1,177,511. The firm’s fifty day simple moving average is C$0.81 and its two-hundred day simple moving average is C$0.78. The stock has a market capitalization of C$257.89 million, a P/E ratio of 89.00 and a beta of 2.94. Silver X Mining has a 52 week low of C$0.41 and a 52 week high of C$1.61. The company has a debt-to-equity ratio of 94.11, a quick ratio of 1.12 and a current ratio of 1.97.

Insider Activity

In other news, Director Jose Maria Garcia Jimenez sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$0.92, for a total value of C$59,800.00. Following the completion of the transaction, the director owned 17,163,401 shares in the company, valued at C$15,790,328.92. This represents a 0.38% decrease in their ownership of the stock. In the last three months, insiders sold 157,500 shares of company stock valued at $144,900. 21.57% of the stock is currently owned by insiders.

Silver X Mining Company Profile

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.