Silvercorp Metals (TSE:SVM) Price Target Raised to C$17.50

Silvercorp Metals (TSE:SVM) had its target price boosted by BMO Capital Markets from C$13.00 to C$17.50 in a report released on Friday,BayStreet.CA reports.

SVM has been the subject of a number of other research reports. Canaccord Genuity Group lifted their price objective on shares of Silvercorp Metals from C$9.50 to C$13.00 in a report on Thursday, October 2nd. Cormark upgraded shares of Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$15.25.

Silvercorp Metals Stock Up 10.9%

Shares of TSE SVM opened at C$15.74 on Friday. The company has a quick ratio of 4.43, a current ratio of 3.04 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is C$11.30 and its two-hundred day moving average is C$8.85. Silvercorp Metals has a 52-week low of C$4.22 and a 52-week high of C$15.74. The firm has a market cap of C$3.47 billion, a price-to-earnings ratio of 143.09, a PEG ratio of 0.03 and a beta of 2.07.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$116.03 million during the quarter. Silvercorp Metals had a return on equity of 9.91% and a net margin of 23.07%. Research analysts predict that Silvercorp Metals will post 0.5394046 EPS for the current year.

Insider Activity at Silvercorp Metals

In other news, Director Yikang Liu sold 9,999 shares of Silvercorp Metals stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$11.84, for a total transaction of C$118,388.16. Following the completion of the sale, the director directly owned 113,333 shares of the company’s stock, valued at approximately C$1,341,862.72. The trade was a 8.11% decrease in their position. Corporate insiders own 3.67% of the company’s stock.

About Silvercorp Metals

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.