Silvercorp Metals (TSE:SVM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Silvercorp Metals (TSE:SVM) had its target price upped by equities researchers at BMO Capital Markets from C$7.00 to C$7.50 in a note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 10.95% from the stock’s previous close.

Several other research firms have also recently issued reports on SVM. Eight Capital upped their target price on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research note on Thursday, July 11th. Raymond James upped their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st.

Silvercorp Metals Stock Performance

Shares of SVM stock opened at C$6.76 on Tuesday. Silvercorp Metals has a 12 month low of C$2.88 and a 12 month high of C$7.34. The stock has a market cap of C$1.47 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15. The company has a current ratio of 4.03, a quick ratio of 4.43 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is C$5.82 and its 200-day moving average price is C$5.23.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.04. The company had revenue of C$98.74 million for the quarter, compared to analysts’ expectations of C$98.53 million. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%. On average, equities analysts expect that Silvercorp Metals will post 0.5394046 EPS for the current fiscal year.

Insider Activity

In related news, Director Yikang Liu sold 3,800 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. In related news, Director Yikang Liu sold 3,800 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 52,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$5.32, for a total transaction of C$279,247.50. Insiders sold 112,893 shares of company stock valued at $639,929 in the last quarter. 3.67% of the stock is currently owned by insiders.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.