Silver X Mining (CVE:AGX) Given a C$1.60 Price Target by Ventum Financial Analysts

Key Points

• Ventum Financial initiated a C$1.60 price target for Silver X Mining and maintained a “Buy” rating, implying approximately 97.5% upside from the prior close of C$0.81.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Buy” rating and C$1.62 target price, with other firms assigning “Buy” or “Strong Buy” ratings.
• Silver X Mining shares recently traded at C$0.81, while insiders have sold 157,500 shares worth about C$144,900 over the past 90 days; insiders still own 21.57% of the company.

Silver X Mining (CVE:AGX - Get Free Report) has been given a C$1.60 target price by Ventum Financial in a report released on Wednesday, BayStreet reports. The firm presently has a "buy" rating on the stock. Ventum Financial's target price points to a potential upside of 97.53% from the stock's previous close.

A number of other research firms have also recently commented on AGX. Maxim Group raised Silver X Mining to a "strong-buy" rating in a report on Tuesday, July 21st. Fundamental Research set a C$1.65 price objective on Silver X Mining and gave the stock a "buy" rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$1.62.

Silver X Mining Price Performance

Shares of AGX stock traded up C$0.01 on Wednesday, hitting C$0.81. 312,389 shares of the stock traded hands, compared to its average volume of 1,180,301. The firm has a market cap of C$234.71 million, a price-to-earnings ratio of 81.00 and a beta of 2.94. Silver X Mining has a 52 week low of C$0.41 and a 52 week high of C$1.61. The firm has a 50 day simple moving average of C$0.80 and a two-hundred day simple moving average of C$0.78. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.97 and a quick ratio of 1.12.

Insider Buying and Selling

In other Silver X Mining news, Director Jose Maria Garcia Jimenez sold 65,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$0.92, for a total transaction of C$59,800.00. Following the completion of the transaction, the director owned 17,163,401 shares of the company's stock, valued at C$15,790,328.92. This represents a 0.38% decrease in their position. In the last 90 days, insiders have sold 157,500 shares of company stock valued at $144,900. 21.57% of the stock is owned by insiders.

Silver X Mining Company Profile

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.

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