Silvercorp Metals (TSE:SVM) Upgraded to "Moderate Buy" at Cormark

Key Points

• Silvercorp Metals has been upgraded to a "moderate buy" rating by analysts at Cormark, indicating a positive outlook for the company's stock.
• The company's stock opened at C$8.44, with a market capitalization of C$1.85 billion and a notable debt-to-equity ratio of 0.18.
• Insider transactions show that insiders sold a total of 71,000 shares in the last 90 days, reflecting a decrease in their holdings.

Silvercorp Metals (TSE:SVM - Get Free Report) was upgraded by equities research analysts at Cormark to a "moderate buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Silvercorp Metals Trading Up 2.3%

TSE:SVM opened at C$8.44 on Thursday. 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 firm has a 50-day moving average of C$6.73 and a 200-day moving average of C$5.98. The company has a market cap of C$1.85 billion, a PE ratio of 34.88, a PEG ratio of 0.03 and a beta of 1.33. Silvercorp Metals has a one year low of C$4.14 and a one year high of C$8.93.

Insider Transactions at Silvercorp Metals

In other Silvercorp Metals news, insider Derek Zhihua Liu sold 40,000 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of C$6.69, for a total value of C$267,664.00. Following the completion of the sale, the insider directly owned 132,010 shares of the company's stock, valued at approximately C$883,358.12. This represents a 23.25% decrease in their position. Also, Director Rui Feng sold 30,000 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of C$6.50, for a total transaction of C$195,120.00. Insiders sold a total of 71,000 shares of company stock valued at $469,104 over the last ninety days. 3.67% of the stock is currently owned by 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.

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