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

Silvercorp Metals (TSE:SVM) had its price target raised by investment analysts at BMO Capital Markets from C$6.00 to C$7.00 in a research report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 62.79% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Eight Capital increased their price objective on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th. Raymond James lifted their target price on Silvercorp Metals from C$7.00 to C$7.50 in a report on Thursday, August 1st. Finally, Canaccord Genuity Group reduced their price objective on shares of 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 Trading Down 2.5 %

Shares of SVM stock traded down C$0.11 during trading hours on Wednesday, hitting C$4.30. 235,649 shares of the company’s stock traded hands, compared to its average volume of 335,779. The stock has a market cap of C$760.33 million, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.03 and a beta of 1.02. Silvercorp Metals has a 12 month low of C$2.88 and a 12 month high of C$5.98. The stock’s 50 day simple moving average is C$4.94 and its 200 day simple moving average is C$4.44. 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 issued its quarterly earnings results on Thursday, May 23rd. The company reported C$0.03 earnings per share for the quarter, meeting the consensus estimate of C$0.03. The company had revenue of C$57.54 million during the quarter, compared to analysts’ expectations of C$52.82 million. Silvercorp Metals had a return on equity of 7.50% and a net margin of 15.01%. On average, sell-side analysts anticipate that Silvercorp Metals will post 0.314554 EPS for the current year.

Insider Transactions at Silvercorp Metals

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