Silvercorp Metals (TSE:SVM) Price Target Cut to C$7.00

Silvercorp Metals (TSE:SVM) had its price target decreased by research analysts at Canaccord Genuity Group from C$7.50 to C$7.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 44.63% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Raymond James boosted their price objective on shares of Silvercorp Metals from C$5.50 to C$7.00 in a report on Tuesday. BMO Capital Markets set a C$5.00 price objective on shares of Silvercorp Metals and gave the stock an “outperform” rating in a report on Wednesday, February 21st.

Silvercorp Metals Stock Up 2.5 %

Shares of TSE SVM opened at C$4.84 on Wednesday. Silvercorp Metals has a 52-week low of C$2.88 and a 52-week high of C$5.47. The firm has a fifty day moving average of C$4.14 and a 200-day moving average of C$3.60. The stock has a market capitalization of C$855.81 million, a PE ratio of 21.04, a P/E/G ratio of 0.03 and a beta of 0.91. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. The firm had revenue of C$79.66 million during the quarter, compared to analysts’ expectations of C$74.39 million. On average, analysts anticipate that Silvercorp Metals will post 0.3522572 EPS for the current year.

Insider Activity

In other news, Director Yikang Liu sold 15,167 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. In other Silvercorp Metals news, Director Rui Feng sold 40,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total transaction of C$61,053.24. Company insiders own 4.38% of the company’s stock.

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.