Roth Capital Downgrades Silvercorp Metals (TSE:SVM) to Hold

Silvercorp Metals (TSE:SVM) was downgraded by Roth Capital from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

SVM has been the topic of a number of other research reports. Canaccord Genuity Group increased their price objective on Silvercorp Metals from C$9.50 to C$13.00 in a report on Thursday, October 2nd. Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Finally, BMO Capital Markets increased their price target on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$15.25.

Silvercorp Metals Price Performance

Silvercorp Metals stock opened at C$16.86 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of C$11.59 and a 200-day simple moving average of C$9.00. The stock has a market cap of C$3.71 billion, a P/E ratio of 153.27, a price-to-earnings-growth ratio of 0.03 and a beta of 2.07. Silvercorp Metals has a 12-month low of C$4.22 and a 12-month high of C$17.17.

Silvercorp Metals (TSE:SVM) last posted its earnings results on Thursday, November 6th. The company reported C$0.10 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 for the quarter. Equities analysts expect that Silvercorp Metals will post 0.5394046 EPS for the current fiscal year.

Insider Activity at Silvercorp Metals

In other news, Director Yikang Liu sold 9,999 shares of Silvercorp Metals stock in a transaction dated 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 sale, the director owned 113,333 shares in the company, valued at approximately C$1,341,862.72. The trade was a 8.11% decrease in their ownership of the stock. Company 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.