Silvercorp Metals (TSE:SVM) Director Rui Feng Sells 30,000 Shares of Company Stock

Silvercorp Metals Inc. (TSE:SVM) Director Rui Feng sold 30,000 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$14.95, for a total value of C$448,500.00. Following the completion of the transaction, the director owned 6,531,000 shares in the company, valued at C$97,638,450. This represents a 0.46% decrease in their ownership of the stock.

Rui Feng also recently made the following trade(s):

• On Wednesday, October 7th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$14.32, for a total value of C$429,600.00.

Silvercorp Metals Stock Performance

Shares of SVM opened at C$14.27 on Wednesday. Silvercorp Metals Inc. has a 12-month low of C$8.38 and a 12-month high of C$21.61. The company has a current ratio of 3.51, a quick ratio of 4.43 and a debt-to-equity ratio of 12.00. The company has a market cap of C$3.16 billion, a PE ratio of 129.73, a price-to-earnings-growth ratio of 0.03 and a beta of 2.77. The stock has a 50-day moving average price of C$16.39 and a 200-day moving average price of C$15.93.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. The company had revenue of C$197.01 million for the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. As a group, equities analysts forecast that Silvercorp Metals Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised shares of Silvercorp Metals to a “hold” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$17.50.

Silvercorp Metals Company Profile

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.