Silvercorp Metals (TSE:SVM) Stock: Insider Rui Feng Sells 30,000 Shares

Silvercorp Metals Inc. (TSE:SVM) Director Rui Feng sold 30,000 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of C$14.32, for a total value of C$429,600.00. Following the sale, the director owned 6,591,000 shares in the company, valued at approximately C$94,383,120. This trade represents a 0.45% decrease in their position.

Rui Feng also recently made the following trade(s):

• On Friday, October 9th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The stock was sold at an average price of C$14.95, for a total value of C$448,500.00.

Silvercorp Metals Stock Performance

TSE SVM opened at C$13.42 on Thursday. Silvercorp Metals Inc. has a fifty-two week low of C$8.38 and a fifty-two week high of C$21.61. The stock has a market cap of C$2.97 billion, a price-to-earnings ratio of 122.00, a price-to-earnings-growth ratio of 0.03 and a beta of 2.77. The business has a fifty day moving average of C$16.35 and a 200-day moving average of C$15.93. The company has a quick ratio of 4.43, a current ratio of 3.51 and a debt-to-equity ratio of 12.00.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.30 earnings per share (EPS) for the quarter. The business had revenue of C$197.01 million for the quarter. Silvercorp Metals had a return on equity of 3.57% and a net margin of 6.12%. As a group, analysts predict that Silvercorp Metals Inc. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded shares of Silvercorp Metals to a “hold” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Silvercorp Metals presently has an average rating of “Buy” and an average target price of C$17.50.

About Silvercorp Metals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.