Insider Selling: Silvercorp Metals Inc. (TSE:SVM) Senior Officer Sells 53,333 Shares of Stock

Silvercorp Metals Inc. (TSE:SVM) Senior Officer Derek Zhihua Liu sold 53,333 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total transaction of C$312,531.38.

Derek Zhihua Liu also recently made the following trade(s):

• On Thursday, August 29th, Derek Zhihua Liu sold 52,500 shares of Silvercorp Metals stock. The stock was sold at an average price of C$5.32, for a total transaction of C$279,247.50.

Silvercorp Metals Trading Down 0.3 %

TSE SVM traded down C$0.02 on Friday, hitting C$6.26. The company’s stock had a trading volume of 887,846 shares, compared to its average volume of 385,836. The company’s 50-day moving average is C$5.07 and its 200 day moving average is C$4.90. The firm has a market cap of C$1.36 billion, a PE ratio of 16.92, a PEG ratio of 0.03 and a beta of 1.13. Silvercorp Metals Inc. has a 1-year low of C$2.88 and a 1-year high of C$6.31. The company has a quick ratio of 4.43, a current ratio of 4.03 and a debt-to-equity ratio of 0.21.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 earnings per share for the quarter, topping the consensus estimate 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%. As a group, analysts predict that Silvercorp Metals Inc. will post 0.4137427 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on SVM shares. Raymond James boosted their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st. BMO Capital Markets raised their price objective on Silvercorp Metals from C$6.00 to C$7.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Eight Capital upped their target price on Silvercorp Metals from C$6.20 to C$7.00 in a report on Thursday, July 11th.

About Silvercorp Metals

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.