Silvercorp Metals (TSE:SVM) Price Target Cut to C$7.00

Silvercorp Metals (TSE:SVM - Get Free Report) had its price target decreased by equities researchers at Canaccord Genuity Group from C$7.50 to C$7.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 48.31% from the company's current price.

SVM has been the topic of several other reports. BMO Capital Markets set a C$5.00 target price on Silvercorp Metals and gave the company an "outperform" rating in a research note on Wednesday, February 21st. Raymond James boosted their price objective on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday.

Silvercorp Metals Trading Down 2.5 %

TSE:SVM traded down C$0.12 during midday trading on Wednesday, reaching C$4.72. 238,585 shares of the stock traded hands, compared to its average volume of 270,236. The stock has a market capitalization of C$834.59 million, a P/E ratio of 20.52, a PEG ratio of 0.03 and a beta of 0.91. 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 company has a fifty day moving average of C$4.11 and a 200 day moving average of C$3.59. Silvercorp Metals has a 12 month low of C$2.88 and a 12 month high of C$5.47.

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

Insider Buying and Selling at Silvercorp Metals

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

Silvercorp Metals Company Profile

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.