Silvercorp Metals (TSE:SVM) Price Target Raised to C$17.50

Silvercorp Metals (TSE:SVM) had its price target lifted by investment analysts at BMO Capital Markets from C$13.00 to C$17.50 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 12.98% from the company’s previous close.

A number of other research analysts also recently issued reports on SVM. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Canaccord Genuity Group boosted their target price on Silvercorp Metals from C$9.50 to C$13.00 in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$15.25.

Silvercorp Metals Stock Up 9.2%

Shares of TSE:SVM traded up C$1.30 during midday trading on Friday, reaching C$15.49. 1,277,951 shares of the company were exchanged, compared to its average volume of 1,070,383. The firm has a market cap of C$3.41 billion, a PE ratio of 140.82, a P/E/G ratio of 0.03 and a beta of 2.07. Silvercorp Metals has a fifty-two week low of C$4.22 and a fifty-two week high of C$15.52. The stock has a fifty day simple moving average of C$11.16 and a two-hundred day simple moving average of C$8.75. The company has a quick ratio of 4.43, a current ratio of 3.04 and a debt-to-equity ratio of 0.18.

Silvercorp Metals (TSE:SVM) last released its earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. Silvercorp Metals had a return on equity of 9.91% and a net margin of 23.07%.The firm had revenue of C$116.03 million during the quarter. As a group, sell-side analysts forecast that Silvercorp Metals will post 0.5394046 earnings per share for the current year.

Insider Transactions at Silvercorp Metals

In related news, Director Yikang Liu sold 9,999 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total transaction of C$118,388.16. Following the completion of the transaction, the director directly owned 113,333 shares of the company’s stock, valued at approximately C$1,341,862.72. This represents a 8.11% decrease in their ownership of the stock. Insiders own 3.67% of the company’s stock.

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.