Silvercorp Metals (TSE:SVM) Stock: Insider Rui Feng Sells 30,000 Shares

Key Points

• Director Rui Feng sold 30,000 Silvercorp Metals shares at an average price of C$14.95, generating C$448,500; he retained 6.531 million shares afterward. He also sold another 30,000 shares earlier in the week.
• Silvercorp shares fell 4.4% to C$14.27, trading below their 50-day and 200-day moving averages. The stock has ranged from C$8.38 to C$21.61 over the past year.
• Analysts maintain a consensus “Buy” rating with an average price target of C$17.50, although ratings range from Hold to Strong Buy.

Silvercorp Metals Inc. (TSE:SVM - Get Free Report) Director Rui Feng sold 30,000 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$14.95, for a total transaction of C$448,500.00. Following the completion of the transaction, the director owned 6,531,000 shares in the company, valued at C$97,638,450. This represents a 0.46% decrease in their ownership of the stock.

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

• On Wednesday, October 7th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$14.32, for a total value of C$429,600.00.

Silvercorp Metals Stock Down 4.4%

Shares of SVM stock traded down C$0.66 during trading hours on Tuesday, hitting C$14.27. 588,581 shares of the company were exchanged, compared to its average volume of 1,044,381. The business has a 50 day moving average of C$16.39 and a two-hundred day moving average of C$15.93. Silvercorp Metals Inc. has a 52 week low of C$8.38 and a 52 week high of C$21.61. The company has a market capitalization of C$3.16 billion, a PE ratio of 129.73, a PEG ratio of 0.03 and a beta of 2.77. The company has a current ratio of 3.51, a quick ratio of 4.43 and a debt-to-equity ratio of 12.00.

Silvercorp Metals (TSE:SVM - Get Free Report) last issued its earnings results 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 business had revenue of C$197.01 million for the quarter. Analysts anticipate that Silvercorp Metals Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SVM has been the topic of a number of research reports. National Bank Financial raised shares of Silvercorp Metals to a "hold" rating in a report on Thursday, October 8th. Roth Capital raised shares of Silvercorp Metals from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$17.50.

About Silvercorp Metals

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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