Silvercorp Metals (TSE:SVM) Given New C$6.00 Price Target at BMO Capital Markets

Silvercorp Metals (TSE:SVM) had its price objective increased by BMO Capital Markets from C$5.00 to C$6.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 24.74% from the stock’s current price.

Several other research firms have also recently issued reports on SVM. Raymond James raised their target price on Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday. Canaccord Genuity Group decreased their target price on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Wednesday.

Silvercorp Metals Price Performance

Shares of TSE:SVM traded up C$0.09 during midday trading on Thursday, hitting C$4.81. The company had a trading volume of 183,361 shares, compared to its average volume of 269,078. Silvercorp Metals has a twelve month low of C$2.88 and a twelve month high of C$5.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 4.43. The stock has a market cap of C$850.50 million, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91. The business’s 50-day simple moving average is C$4.14 and its 200-day simple moving average is C$3.60.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$79.66 million during the quarter, compared to analysts’ expectations of C$74.39 million. Silvercorp Metals had a return on equity of 7.50% and a net margin of 15.01%. On average, research analysts predict that Silvercorp Metals will post 0.3522572 earnings per share for the current year.

Insider Transactions at Silvercorp Metals

In other news, Director Rui Feng sold 40,000 shares of Silvercorp Metals stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total transaction of C$207,200.00. In related news, Director Rui Feng sold 40,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total value of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. Insiders own 4.38% of the company’s stock.

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.