Silvercorp Metals (TSE:SVM – Get Free Report) had its price objective upped by equities researchers at Raymond James from C$7.00 to C$7.50 in a research note issued on Thursday, BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 55.93% from the company’s current price.
Several other equities analysts have also issued reports on the company. Eight Capital lifted their price target on Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th. Canaccord Genuity Group cut their price target on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, BMO Capital Markets boosted their price target on Silvercorp Metals from C$5.00 to C$6.00 in a research note on Thursday, April 25th.
Check Out Our Latest Research Report on SVM
Silvercorp Metals Trading Down 6.1 %
Silvercorp Metals (TSE:SVM – Get Free Report) last released 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 business had revenue of C$57.54 million for the quarter, compared to analysts’ expectations of C$52.82 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. On average, equities research analysts predict that Silvercorp Metals will post 0.314554 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the company’s stock in a transaction 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. In other news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of C$4.27, for a total value of C$85,300.00. Also, Director Yikang Liu sold 11,832 shares of the firm’s stock in a transaction dated Monday, May 27th. The stock was sold at an average price of C$5.65, for a total transaction of C$66,878.01. 4.33% of the stock is owned by company insiders.
About Silvercorp Metals
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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