Silvercorp Metals (TSE:SVM) Price Target Raised to C$7.00 at Eight Capital

Silvercorp Metals (TSE:SVM) had its target price raised by equities researchers at Eight Capital from C$6.20 to C$7.00 in a note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price objective would suggest a potential upside of 36.19% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Raymond James lifted their price objective on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price target on shares of Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday, April 25th. Finally, Canaccord Genuity Group cut their price objective on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th.

Silvercorp Metals Price Performance

SVM stock traded up C$0.10 during trading on Thursday, hitting C$5.14. The company had a trading volume of 408,740 shares, compared to its average volume of 337,037. The firm has a market capitalization of C$908.85 million, a price-to-earnings ratio of 22.35, a P/E/G ratio of 0.03 and a beta of 1.02. The business has a 50 day moving average of C$4.96 and a 200 day moving average of C$4.21. Silvercorp Metals has a fifty-two week low of C$2.88 and a fifty-two week high of C$5.98. The company has a current ratio of 3.73, a quick ratio of 4.43 and a debt-to-equity ratio of 0.07.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Thursday, May 23rd. The company reported C$0.03 earnings per share for the quarter, hitting the consensus estimate of C$0.03. The business had revenue of C$57.54 million during the quarter, compared to the consensus estimate of C$52.82 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. As a group, research analysts predict that Silvercorp Metals will post 0.314554 earnings per share for the current year.

Insider Buying and Selling

In other Silvercorp Metals news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of C$4.27, for a total transaction of C$85,300.00. In other news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of C$4.27, for a total value of C$85,300.00. Also, Director Yikang Liu sold 11,832 shares of the company’s stock in a transaction dated Monday, May 27th. The shares were sold at an average price of C$5.65, for a total value of C$66,878.01. Company insiders own 4.33% of the company’s stock.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.