Silvercorp Metals (TSE:SVM) Given New C$7.50 Price Target at BMO Capital Markets

Silvercorp Metals (TSE:SVM) had its target price lifted by stock analysts at BMO Capital Markets from C$7.00 to C$7.50 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 10.95% from the stock’s previous close.

A number of other brokerages also recently issued reports on SVM. Eight Capital raised their price target on Silvercorp Metals from C$6.20 to C$7.00 in a research report on Thursday, July 11th. Raymond James raised their price target on Silvercorp Metals from C$7.00 to C$7.50 in a research report on Thursday, August 1st.

Silvercorp Metals Stock Down 2.6 %

TSE SVM opened at C$6.76 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03. The company has a market capitalization of C$1.47 billion, a P/E ratio of 18.27, a P/E/G ratio of 0.03 and a beta of 1.15. Silvercorp Metals has a one year low of C$2.88 and a one year high of C$7.34. The stock has a 50 day moving average price of C$5.82 and a 200-day moving average price of C$5.23.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.04. The company had revenue of C$98.74 million during the quarter, compared to the consensus estimate of C$98.53 million. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. As a group, equities analysts predict that Silvercorp Metals will post 0.5394046 EPS for the current fiscal year.

Insiders Place Their Bets

In other Silvercorp Metals news, Director Yikang Liu sold 3,800 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. In other Silvercorp Metals news, Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.86, for a total value of C$312,531.38. Also, Director Yikang Liu sold 3,800 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. Insiders have sold a total of 112,893 shares of company stock worth $639,929 over the last quarter. Company insiders own 3.67% of the company’s stock.

Silvercorp Metals Company Profile

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.