Silvercorp Metals (TSE:SVM – Get Free Report) announced its quarterly earnings results on Thursday. The company reported C$0.10 earnings per share (EPS) for the quarter, FiscalAI reports. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. The business had revenue of C$102.64 million for the quarter.
Silvercorp Metals Trading Down 3.5%
TSE SVM traded down C$0.42 on Thursday, hitting C$11.69. The company’s stock had a trading volume of 814,328 shares, compared to its average volume of 1,026,839. The firm has a market cap of C$2.59 billion, a P/E ratio of 106.27, a PEG ratio of 0.03 and a beta of 2.75. Silvercorp Metals has a 52-week low of C$8.41 and a 52-week high of C$21.61. The company’s 50-day simple moving average is C$14.86 and its 200 day simple moving average is C$15.55. The company has a current ratio of 3.51, a quick ratio of 4.43 and a debt-to-equity ratio of 12.00.
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 research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$17.50.
Get Our Latest Research Report on Silvercorp Metals
Insider Activity
In related news, Director Rui Feng sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of C$14.32, for a total transaction of C$429,600.00. Following the completion of the transaction, the director owned 6,591,000 shares in the company, valued at C$94,383,120. This represents a 0.45% decrease in their ownership of the stock. Company insiders own 3.67% of the company’s stock.
Silvercorp Metals Company Profile
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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