Silver X Mining (CVE:AGX) Price Target Raised to C$2.50 at Ventum Financial

Silver X Mining (CVE:AGX) had its price objective raised by equities research analysts at Ventum Financial from C$1.60 to C$2.50 in a note issued to investors on Wednesday, BayStreet reports. Ventum Financial’s price target points to a potential upside of 165.96% from the company’s current price.

AGX has been the topic of a number of other research reports. Maxim Group upgraded Silver X Mining to a “strong-buy” rating in a research report on Tuesday, July 21st. Ventum Capital set a C$1.60 price objective on shares of Silver X Mining and gave the company a “buy” rating in a report on Thursday, September 17th. Finally, Fundamental Research set a C$1.65 target price on shares of Silver X Mining and gave the stock a “buy” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$1.92.

Silver X Mining Price Performance

CVE AGX traded down C$0.05 during trading hours on Wednesday, reaching C$0.94. The company’s stock had a trading volume of 447,103 shares, compared to its average volume of 1,163,208. The firm has a market capitalization of C$272.38 million, a price-to-earnings ratio of 94.00 and a beta of 2.94. The company’s 50-day moving average is C$0.83 and its two-hundred day moving average is C$0.77. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.97 and a quick ratio of 1.12. Silver X Mining has a 1-year low of C$0.41 and a 1-year high of C$1.61.

Insider Activity at Silver X Mining

In related news, Director Jose Maria Garcia Jimenez sold 65,000 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of C$0.91, for a total value of C$59,150.00. Following the completion of the transaction, the director directly owned 17,060,901 shares of the company’s stock, valued at approximately C$15,525,419.91. This represents a 0.38% decrease in their position. Insiders sold 222,500 shares of company stock worth $204,050 in the last three months. 21.57% of the stock is currently owned by insiders.

Silver X Mining Company Profile

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.