Silvercorp Metals (TSE:SVM) Cut to “Hold” at Roth Mkm

Roth Mkm lowered shares of Silvercorp Metals (TSE:SVM) from a buy rating to a hold rating in a research report report published on Tuesday morning, Marketbeat Ratings reports.

A number of other equities research analysts have also recently commented on SVM. Canaccord Genuity Group increased their price target on shares of Silvercorp Metals from C$9.50 to C$13.00 in a report on Thursday, October 2nd. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. Finally, BMO Capital Markets boosted their price target on Silvercorp Metals from C$13.00 to C$17.50 in a research note on Friday, January 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.25.

Silvercorp Metals Price Performance

Shares of TSE:SVM opened at C$16.93 on Tuesday. The business has a fifty day moving average price of C$11.87 and a 200-day moving average price of C$9.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.04 and a quick ratio of 4.43. The company has a market capitalization of C$3.73 billion, a PE ratio of 153.91, a PEG ratio of 0.03 and a beta of 2.07. Silvercorp Metals has a 1-year low of C$4.22 and a 1-year high of C$17.34.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$116.03 million for the quarter. Silvercorp Metals had a net margin of 23.07% and a return on equity of 9.91%. As a group, equities analysts expect that Silvercorp Metals will post 0.5394046 EPS for the current fiscal year.

Insiders Place Their Bets

In other Silvercorp Metals news, Director Yikang Liu sold 9,999 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of C$11.84, for a total value of C$118,388.16. Following the completion of the transaction, the director directly owned 113,333 shares in the company, valued at C$1,341,862.72. This represents a 8.11% decrease in their ownership of the stock. 3.67% of the stock is owned by corporate insiders.

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.