Silvercorp Metals Inc. (TSE:SVM – Get Free Report) Director Rui Feng sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of C$14.32, for a total value of C$429,600.00. Following the completion of the transaction, the director directly owned 6,591,000 shares of the company’s stock, valued at C$94,383,120. This represents a 0.45% decrease in their position.
Rui Feng also recently made the following trade(s):
- On Friday, October 9th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$14.95, for a total transaction of C$448,500.00.
Silvercorp Metals Stock Up 3.3%
Shares of TSE SVM opened at C$13.86 on Friday. The company has a 50 day simple moving average of C$16.32 and a 200 day simple moving average of C$15.93. The company has a debt-to-equity ratio of 12.00, a current ratio of 3.51 and a quick ratio of 4.43. Silvercorp Metals Inc. has a 1 year low of C$8.38 and a 1 year high of C$21.61. The firm has a market cap of C$3.07 billion, a PE ratio of 126.00, a price-to-earnings-growth ratio of 0.03 and a beta of 2.77.
Silvercorp Metals (TSE:SVM – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. The firm had revenue of C$197.01 million for the quarter. On average, research analysts forecast that Silvercorp Metals Inc. will post 0.54 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, National Bank Financial raised shares of Silvercorp Metals to a “hold” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Silvercorp Metals has an average rating of “Buy” and a consensus target price of C$17.50.
About Silvercorp Metals
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.
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