Jonathan Hoyles Sells 1,500 Shares of Silvercorp Metals Inc. (TSE:SVM) Stock

Silvercorp Metals Inc. (TSE:SVM) Senior Officer Jonathan Hoyles sold 1,500 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of C$7.01, for a total value of C$10,515.00.

Silvercorp Metals Stock Up 6.8 %

Silvercorp Metals stock opened at C$6.95 on Friday. The stock has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 18.78, a PEG 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 stock has a 50 day moving average of C$5.53 and a two-hundred day moving average of C$5.15. Silvercorp Metals Inc. has a twelve month low of C$2.88 and a twelve month high of C$7.07.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.04. The firm had revenue of C$98.74 million for the quarter, compared to analyst estimates 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, research analysts expect that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.

Analysts Set New Price Targets

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