Insider Selling: Silvercorp Metals Inc. (TSE:SVM) Senior Officer Sells 53,333 Shares of Stock

Silvercorp Metals Inc. (TSE:SVM) Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total value of C$312,531.38.

Derek Zhihua Liu also recently made the following trade(s):

• On Thursday, August 29th, Derek Zhihua Liu sold 52,500 shares of Silvercorp Metals stock. The stock was sold at an average price of C$5.32, for a total transaction of C$279,247.50.

Silvercorp Metals Stock Performance

TSE SVM opened at C$6.26 on Friday. The company has a market capitalization of C$1.36 billion, a PE ratio of 16.92, a P/E/G ratio of 0.03 and a beta of 1.13. Silvercorp Metals Inc. has a 1 year low of C$2.88 and a 1 year high of C$6.31. The company has a fifty day moving average of C$5.07 and a two-hundred day moving average of C$4.90. 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 (TSE:SVM) last announced its earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of C$98.74 million for the quarter, compared to the consensus estimate of C$98.53 million. As a group, analysts expect that Silvercorp Metals Inc. will post 0.4137427 earnings per share for the current year.

Wall Street Analyst Weigh In

SVM has been the subject of a number of recent analyst reports. Eight Capital raised their price target on shares of Silvercorp Metals from C$6.20 to C$7.00 in a report on Thursday, July 11th. Raymond James boosted their price target on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st. Finally, BMO Capital Markets increased their price objective on shares of Silvercorp Metals from C$6.00 to C$7.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 7th.

Silvercorp Metals Company Profile

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.