Silvercorp Metals (TSE:SVM) PT Raised to C$7.50 at BMO Capital Markets

Silvercorp Metals (TSE:SVM - Free Report) had its price objective raised by BMO Capital Markets from C$7.00 to C$7.50 in a report issued on Tuesday, BayStreet.CA reports.

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

Silvercorp Metals Stock Performance

Shares of TSE SVM traded up C$0.15 during midday trading on Tuesday, reaching C$6.94. The company's stock had a trading volume of 428,318 shares, compared to its average volume of 409,430. The stock has a market capitalization of C$1.50 billion, a P/E ratio of 18.76, a PEG ratio of 0.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. The firm has a 50 day moving average price of C$5.78 and a 200-day moving average price of C$5.21. Silvercorp Metals has a 12-month low of C$2.88 and a 12-month high of C$7.34.

Silvercorp Metals (TSE:SVM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.16 EPS for the quarter, beating analysts' consensus estimates of C$0.12 by C$0.04. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%. The company had revenue of C$98.74 million for the quarter, compared to analysts' expectations of C$98.53 million. As a group, equities analysts predict that Silvercorp Metals will post 0.5394046 earnings per share for the current year.

Insider Transactions at Silvercorp Metals

In other news, Senior Officer Derek Zhihua Liu sold 53,333 shares of Silvercorp Metals stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$5.86, for a total value of C$312,531.38. 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 transaction of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of Silvercorp Metals stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$5.86, for a total value of C$312,531.38. In the last three months, insiders sold 112,893 shares of company stock worth $639,929. 3.67% of the stock is currently 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.