Silvercorp Metals Inc. (TSE:SVM) Senior Officer Sells C$11,035.20 in Stock

Silvercorp Metals Inc. (TSE:SVM) Senior Officer Peter Lekich sold 1,760 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of C$6.27, for a total value of C$11,035.20.

Silvercorp Metals Trading Up 3.0 %

TSE:SVM opened at C$6.63 on Friday. The company has a current ratio of 4.03, a quick ratio of 4.43 and a debt-to-equity ratio of 0.21. Silvercorp Metals Inc. has a 1-year low of C$2.88 and a 1-year high of C$6.70. The firm has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 0.03 and a beta of 1.15. The business’s 50-day moving average price is C$5.27 and its two-hundred day moving average price is C$5.05.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.04. The business had revenue of C$98.74 million for the quarter, compared to the consensus estimate of C$98.53 million. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%. On average, equities analysts expect that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SVM shares. Raymond James boosted their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st. Eight Capital boosted their price objective on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th. Finally, BMO Capital Markets boosted their target price on Silvercorp Metals from C$6.00 to C$7.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 7th.

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.