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

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

A number of other equities analysts have also recently commented on SVM. Canaccord Genuity Group lowered their price target on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Wednesday. Raymond James boosted their price objective on Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday.

Silvercorp Metals Price Performance

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. The company has a market capitalization of C$850.50 million, a PE ratio of 21.04, a P/E/G ratio of 0.03 and a beta of 0.91. The company has a current ratio of 3.73, a quick ratio of 4.43 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of C$4.14 and a 200-day moving average price of C$3.60. Silvercorp Metals has a twelve month low of C$2.88 and a twelve month high of C$5.47.

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

Insider Buying and Selling

In other Silvercorp Metals news, Director Yikang Liu sold 15,167 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total value of C$61,053.24. In related news, Director Rui Feng sold 40,000 shares of the company’s 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. Also, Director Yikang Liu sold 15,167 shares of the company’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. 4.38% of the stock is currently owned by corporate insiders.

Silvercorp Metals Company Profile

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.