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

Silvercorp Metals (TSE:SVM) had its price target upped by equities researchers at Raymond James from C$5.50 to C$7.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 44.63% from the company’s current price.

Several other brokerages also recently weighed in on SVM. BMO Capital Markets set a C$5.00 price target on shares of Silvercorp Metals and gave the company an “outperform” rating in a research report on Wednesday, February 21st. Canaccord Genuity Group lifted their target price on shares of Silvercorp Metals from C$4.50 to C$4.75 and gave the stock a “buy” rating in a research report on Monday, February 12th.

Silvercorp Metals Stock Up 3.2 %

Shares of SVM stock traded up C$0.15 during trading hours on Tuesday, hitting C$4.84. 191,842 shares of the company’s stock traded hands, compared to its average volume of 269,147. The stock’s fifty day simple moving average is C$4.08 and its two-hundred day simple moving average is C$3.58. Silvercorp Metals has a 12-month low of C$2.88 and a 12-month high of C$5.47. The stock has a market cap of C$855.81 million, a price-to-earnings ratio of 21.09, a PEG ratio of 0.03 and a beta of 0.91. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

Silvercorp Metals (TSE:SVM) last released its earnings results on Thursday, February 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of C$79.66 million during the quarter, compared to analyst estimates of C$74.39 million. On average, analysts expect that Silvercorp Metals will post 0.3522572 EPS for the current year.

Insider Activity

In other news, Director Yikang Liu sold 15,167 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total transaction of C$61,053.24. In related news, Director Rui Feng sold 40,000 shares of Silvercorp Metals stock in a transaction 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. 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 transaction 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.