Silvercorp Metals (TSE:SVM) Price Target Raised to C$17.50 at BMO Capital Markets

Silvercorp Metals (TSE:SVM) had its price objective lifted by BMO Capital Markets from C$13.00 to C$17.50 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 12.98% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Cormark raised Silvercorp Metals to a “moderate buy” rating in a research report on Thursday, September 25th. Canaccord Genuity Group increased their price target on Silvercorp Metals from C$9.50 to C$13.00 in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$15.25.

Silvercorp Metals Stock Performance

Shares of SVM traded up C$1.30 during midday trading on Friday, reaching C$15.49. The stock had a trading volume of 1,277,951 shares, compared to its average volume of 1,070,383. The firm has a market cap of C$3.41 billion, a PE ratio of 140.82, a P/E/G ratio of 0.03 and a beta of 2.07. The firm has a 50 day simple moving average of C$11.16 and a 200-day simple moving average of C$8.75. Silvercorp Metals has a one year low of C$4.22 and a one year high of C$15.52. The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18.

Silvercorp Metals (TSE:SVM) last issued its earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. Silvercorp Metals had a net margin of 23.07% and a return on equity of 9.91%. The business had revenue of C$116.03 million during the quarter. As a group, sell-side analysts anticipate that Silvercorp Metals will post 0.5394046 EPS for the current year.

Insider Transactions at Silvercorp Metals

In other Silvercorp Metals news, Director Yikang Liu sold 9,999 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total value of C$118,388.16. Following the transaction, the director directly owned 113,333 shares of the company’s stock, valued at C$1,341,862.72. This represents a 8.11% decrease in their position. 3.67% of the stock is owned by company insiders.

Silvercorp Metals Company Profile

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.