Silvercorp Metals (TSE:SVM) PT Raised to C$7.00 at Raymond James

Silvercorp Metals (TSE:SVM - Free Report) had its target price increased by Raymond James from C$5.50 to C$7.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets set a C$5.00 price objective on shares of Silvercorp Metals and gave the stock an outperform rating in a research note on Wednesday, February 21st. Canaccord Genuity Group raised their target price on shares of Silvercorp Metals from C$4.50 to C$4.75 and gave the company a buy rating in a research note on Monday, February 12th.

Silvercorp Metals Stock Up 3.2 %

TSE SVM traded up C$0.15 on Tuesday, reaching C$4.84. The company had a trading volume of 307,422 shares, compared to its average volume of 270,637. The company's fifty day moving average is C$4.08 and its 200-day moving average is C$3.58. Silvercorp Metals has a 1-year low of C$2.88 and a 1-year high of C$5.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.43 and a current ratio of 3.73. The firm has a market capitalization of C$855.81 million, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91.

Silvercorp Metals (TSE:SVM - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.08 EPS for the quarter, topping analysts' consensus estimates of C$0.06 by C$0.02. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. The company had revenue of C$79.66 million during the quarter, compared to the consensus estimate of C$74.39 million. On average, research analysts forecast that Silvercorp Metals will post 0.3522572 earnings per share for the current fiscal year.

Insider Transactions at Silvercorp Metals

In related news, Director Yikang Liu sold 15,167 shares of Silvercorp Metals stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. In other Silvercorp Metals news, Director Yikang Liu sold 15,167 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. Also, Director Rui Feng sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. Insiders own 4.38% of the company's stock.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.