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

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

Several other equities research analysts also recently commented on the company. Canaccord Genuity Group reduced their target price on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Raymond James raised their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a report on Thursday, August 1st. Finally, Eight Capital upped their price target on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th.

Silvercorp Metals Price Performance

Shares of SVM stock traded down C$0.11 during midday trading on Wednesday, reaching C$4.30. 235,649 shares of the company were exchanged, compared to its average volume of 335,779. Silvercorp Metals has a 12 month low of C$2.88 and a 12 month high of C$5.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.43 and a current ratio of 3.73. The company has a market cap of C$760.33 million, a P/E ratio of 18.91, a PEG ratio of 0.03 and a beta of 1.02. The company’s 50 day moving average price is C$4.94 and its two-hundred day moving average price is C$4.44.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings results on Thursday, May 23rd. The company reported C$0.03 EPS for the quarter, hitting the consensus estimate of C$0.03. The firm 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, sell-side analysts expect that Silvercorp Metals will post 0.314554 earnings per share for the current year.

Insider Activity

In other Silvercorp Metals news, Director Yikang Liu sold 11,832 shares of the stock in a transaction dated Monday, May 27th. The shares were sold at an average price of C$5.65, for a total transaction of C$66,878.01. In related news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was 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 business’s stock in a transaction dated Monday, May 27th. The stock was sold at an average price of C$5.65, for a total value of C$66,878.01. 4.33% of the stock is currently owned by corporate 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.