Silvercorp Metals (TSE:SVM) PT Raised to C$6.00 at BMO Capital Markets

Silvercorp Metals (TSE:SVM) had its target price boosted by investment analysts at BMO Capital Markets from C$5.00 to C$6.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 32.74% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Canaccord Genuity Group cut their target price on shares of Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James lifted their target price on shares of Silvercorp Metals from C$5.50 to C$7.00 in a report on Tuesday.

Silvercorp Metals Stock Down 6.6 %

Shares of Silvercorp Metals stock opened at C$4.52 on Thursday. Silvercorp Metals has a 52-week low of C$2.88 and a 52-week high of C$5.47. The company has a 50 day moving average of C$4.18 and a 200 day moving average of C$3.61. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The company has a market capitalization of C$799.23 million, a P/E ratio of 19.65, a P/E/G ratio of 0.03 and a beta of 0.91.

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. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. The company had revenue of C$79.66 million during the quarter, compared to the consensus estimate of C$74.39 million. As a group, research analysts forecast that Silvercorp Metals will post 0.3522572 EPS for the current fiscal year.

Insiders Place Their Bets

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

About Silvercorp Metals

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.