Silvercorp Metals (TSE:SVM) Director Sells 30,000 Shares of Stock

Key Points

• Director Rui Feng sold 30,000 Silvercorp Metals shares at an average price of C$14.32, generating C$429,600 and reducing his ownership by 0.45% to 6.591 million shares. He also sold another 30,000 shares two days later for C$448,500.
• Silvercorp shares fell C$0.66 to C$14.27, below their 50-day and 200-day moving averages, but remained well above the 52-week low of C$8.38. The company had a C$3.16 billion market capitalization and a relatively high price-to-earnings ratio of 129.73.
• Analyst sentiment remained positive, with a consensus “Buy” rating and a C$17.50 target price; recent ratings included an upgrade to “Strong Buy” and another to “Hold.”

Silvercorp Metals Inc. (TSE:SVM - Get Free Report) Director Rui Feng sold 30,000 shares of Silvercorp Metals stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of C$14.32, for a total transaction of C$429,600.00. Following the sale, the director owned 6,591,000 shares of the company's stock, valued at approximately C$94,383,120. The trade was a 0.45% decrease in their ownership of the stock.

Rui Feng also recently made the following trade(s):

• On Friday, October 9th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The stock was sold at an average price of C$14.95, for a total value of C$448,500.00.

Silvercorp Metals Stock Performance

Shares of SVM traded down C$0.66 during trading hours on Tuesday, hitting C$14.27. The stock had a trading volume of 588,581 shares, compared to its average volume of 1,044,381. The firm has a 50-day moving average price of C$16.39 and a 200 day moving average price of C$15.93. Silvercorp Metals Inc. has a fifty-two week low of C$8.38 and a fifty-two week high of C$21.61. The firm has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 129.73, a PEG ratio of 0.03 and a beta of 2.77. The company has a debt-to-equity ratio of 12.00, a quick ratio of 4.43 and a current ratio of 3.51.

Silvercorp Metals (TSE:SVM - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. The company had revenue of C$197.01 million during the quarter. As a group, research analysts anticipate that Silvercorp Metals Inc. will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

SVM has been the subject of several recent analyst reports. Roth Capital upgraded Silvercorp Metals from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 15th. National Bank Financial upgraded Silvercorp Metals to a "hold" rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$17.50.

Silvercorp Metals Company Profile

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.

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