Silvercorp Metals (TSE:SVM) Price Target Cut to C$7.00 by Analysts at Canaccord Genuity Group

Silvercorp Metals (TSE:SVM) had its price target cut by stock analysts at Canaccord Genuity Group from C$7.50 to C$7.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 44.63% from the stock’s previous close.

Several other research firms have also weighed in on SVM. BMO Capital Markets set a C$5.00 price objective on shares of Silvercorp Metals and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Raymond James lifted their price objective on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday.

Silvercorp Metals Stock Up 2.5 %

Shares of TSE SVM opened at C$4.84 on Wednesday. The company has a market capitalization of C$855.81 million, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91. Silvercorp Metals has a 52-week low of C$2.88 and a 52-week high of C$5.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.43 and a current ratio of 3.73. The company’s 50 day moving average price is C$4.14 and its 200-day moving average price is C$3.60.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. The firm had revenue of C$79.66 million for the quarter, compared to the consensus estimate of C$74.39 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. Equities analysts forecast that Silvercorp Metals will post 0.3522572 earnings per share for the current year.

Insider Buying and Selling at Silvercorp Metals

In other Silvercorp Metals news, Director Rui Feng sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. In other Silvercorp Metals news, Director Yikang Liu sold 15,167 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total transaction of C$61,053.24. Also, Director Rui Feng sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. 4.38% of the stock is currently owned by company insiders.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.