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BMO Capital Markets Issues Positive Forecast for Silvercorp Metals (TSE:SVM) Stock Price

Silvercorp Metals logo with Basic Materials background

Key Points

  • BMO Capital Markets has raised its price target for Silvercorp Metals from C$10.00 to C$12.00, indicating a potential upside of 14.50%.
  • Other analysts have also shown optimism, with Cormark upgrading the stock to a "moderate buy" and Canaccord Genuity increasing its target price to C$13.00.
  • Insider Derek Zhihua Liu recently sold 40,000 shares valued at C$267,664, reducing his ownership by 23.25%.
  • Five stocks to consider instead of Silvercorp Metals.

Silvercorp Metals (TSE:SVM - Get Free Report) had its price objective boosted by investment analysts at BMO Capital Markets from C$10.00 to C$12.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 14.50% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Cormark upgraded Silvercorp Metals to a "moderate buy" rating in a research report on Thursday, September 25th. Canaccord Genuity Group raised their target price on Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$12.50.

View Our Latest Research Report on SVM

Silvercorp Metals Price Performance

SVM stock traded up C$0.39 during mid-day trading on Thursday, reaching C$10.48. 1,380,562 shares of the company's stock were exchanged, compared to its average volume of 684,207. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 0.03 and a beta of 1.69. The stock's 50 day moving average is C$7.56 and its 200 day moving average is C$6.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.04 and a quick ratio of 4.43. Silvercorp Metals has a 12-month low of C$4.14 and a 12-month high of C$10.92.

Insider Transactions at Silvercorp Metals

In other Silvercorp Metals news, insider Derek Zhihua Liu sold 40,000 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of C$6.69, for a total transaction of C$267,664.00. Following the completion of the sale, the insider owned 132,010 shares of the company's stock, valued at C$883,358.12. This trade represents a 23.25% decrease in their ownership of the stock. 3.67% of the stock is currently owned by company insiders.

About Silvercorp Metals

(Get Free Report)

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.

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