Silvercorp Metals (TSE:SVM) Price Target Raised to C$13.00

Silvercorp Metals (TSE:SVM) had its price target increased by Canaccord Genuity Group from C$9.50 to C$13.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Separately, Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$10.25.

Silvercorp Metals Stock Up 5.4%

Shares of Silvercorp Metals stock opened at C$9.75 on Thursday. The business has a 50-day moving average of C$6.99 and a 200-day moving average of C$6.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.04 and a quick ratio of 4.43. The company has a market capitalization of C$2.13 billion, a PE ratio of 40.29, a P/E/G ratio of 0.03 and a beta of 1.33. Silvercorp Metals has a 1-year low of C$4.14 and a 1-year high of C$10.12.

Insider Transactions at Silvercorp Metals

In related news, insider Derek Zhihua Liu sold 40,000 shares of Silvercorp Metals stock in a transaction dated Friday, August 29th. The stock was sold at an average price of C$6.69, for a total value of C$267,664.00. Following the completion of the transaction, the insider directly owned 132,010 shares in the company, valued at approximately C$883,358.12. This trade represents a 23.25% decrease in their ownership of the stock. Also, Director Rui Feng sold 30,000 shares of Silvercorp Metals stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of C$6.50, for a total value of C$195,120.00. 3.67% of the stock is currently owned by company insiders.

About Silvercorp Metals

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.