Silvercorp Metals (TSE:SVM) Price Target Cut to C$5.50

Silvercorp Metals (TSE:SVMGet Free Report) had its target price cut by research analysts at Raymond James from C$6.00 to C$5.50 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 77.42% from the company’s current price.

Separately, Pi Financial lowered their target price on Silvercorp Metals from C$7.00 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th.

View Our Latest Stock Analysis on SVM

Silvercorp Metals Trading Up 0.6 %

SVM stock opened at C$3.10 on Monday. The business has a fifty day moving average of C$3.44 and a 200-day moving average of C$3.39. The company has a market cap of C$548.14 million, a P/E ratio of 12.92, a PEG ratio of 0.03 and a beta of 0.92. The company has a quick ratio of 4.43, a current ratio of 4.09 and a debt-to-equity ratio of 0.08. Silvercorp Metals has a twelve month low of C$2.88 and a twelve month high of C$5.59.

Silvercorp Metals (TSE:SVMGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The company reported C$0.09 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.04. The company had revenue of C$72.44 million during the quarter, compared to analysts’ expectations of C$69.50 million. Silvercorp Metals had a return on equity of 8.04% and a net margin of 15.68%. As a group, equities research analysts expect that Silvercorp Metals will post 0.2548866 EPS for the current year.

Silvercorp Metals Company Profile

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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.

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