BMO Capital Markets Issues Positive Forecast for Silvercorp Metals (TSE:SVM) Stock Price

Silvercorp Metals (TSE:SVM) had its price objective hoisted by BMO Capital Markets from C$7.00 to C$7.50 in a research note published on Tuesday, BayStreet.CA reports.

A number of other research analysts have also commented on SVM. Eight Capital upped their price target on Silvercorp Metals from C$6.20 to C$7.00 in a report on Thursday, July 11th. Raymond James boosted their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research report on Thursday, August 1st.

Silvercorp Metals Stock Down 2.0 %

Silvercorp Metals stock opened at C$6.41 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. Silvercorp Metals has a fifty-two week low of C$2.88 and a fifty-two week high of C$7.34. The firm has a fifty day moving average price of C$5.87 and a two-hundred day moving average price of C$5.25. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 0.03 and a beta of 1.15.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 EPS for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.04. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. The business had revenue of C$98.74 million for the quarter, compared to analyst estimates of C$98.53 million. As a group, analysts forecast that Silvercorp Metals will post 0.5394046 earnings per share for the current year.

Insider Buying and Selling

In other Silvercorp Metals news, Director Yikang Liu sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. In other Silvercorp Metals news, Director Yikang Liu sold 3,800 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total transaction of C$312,531.38. Insiders have sold a total of 112,893 shares of company stock valued at $639,929 over the last three months. 3.67% of the stock is owned by corporate insiders.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.