Silvercorp Metals (TSE:SVM) Stock Price Down 0.6% – What’s Next?

Silvercorp Metals Inc. (TSE:SVM) shares were down 0.6% on Wednesday. The stock traded as low as C$13.05 and last traded at C$13.12. 900,371 shares traded hands during trading, a decline of 12% from the average session volume of 1,025,451 shares. The stock had previously closed at C$13.20.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded Silvercorp Metals to a “hold” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$17.50.

Silvercorp Metals Stock Down 0.6%

The company has a debt-to-equity ratio of 12.20, a quick ratio of 4.43 and a current ratio of 3.28. The company has a market cap of C$2.90 billion, a P/E ratio of 69.05, a P/E/G ratio of 0.03 and a beta of 2.75. The stock has a 50 day moving average price of C$14.51 and a 200 day moving average price of C$15.48.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Thursday, November 5th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$102.64 million for the quarter. Silvercorp Metals had a return on equity of 5.12% and a net margin of 9.75%. Research analysts expect that Silvercorp Metals Inc. will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Rui Feng sold 30,000 shares of Silvercorp Metals stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of C$14.32, for a total value of C$429,600.00. Following the transaction, the director directly owned 6,591,000 shares in the company, valued at approximately C$94,383,120. The trade was a 0.45% decrease in their ownership of the stock. 3.67% of the stock is currently owned by company insiders.

About Silvercorp Metals

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