Silvercorp Metals (TSE:SVM) Price Target Increased to C$6.25 by Analysts at Canaccord Genuity Group

Silvercorp Metals (TSE:SVMGet Rating) had its price target increased by research analysts at Canaccord Genuity Group from C$6.00 to C$6.25 in a note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 43.35% from the company’s current price.

Separately, Raymond James set a C$6.50 target price on Silvercorp Metals and gave the stock a “market perform” rating in a report on Monday.

SVM traded down C$0.12 on Friday, hitting C$4.36. 368,527 shares of the company’s stock traded hands, compared to its average volume of 477,313. The company’s 50 day simple moving average is C$4.79 and its 200-day simple moving average is C$4.84. The firm has a market cap of C$772.18 million and a price-to-earnings ratio of 18.24. Silvercorp Metals has a one year low of C$3.95 and a one year high of C$8.07. The company has a current ratio of 4.62, a quick ratio of 4.28 and a debt-to-equity ratio of 0.23.

Silvercorp Metals (TSE:SVMGet Rating) last issued its earnings results on Tuesday, February 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.09. The business had revenue of C$74.48 million for the quarter, compared to the consensus estimate of C$73.37 million. As a group, equities analysts anticipate that Silvercorp Metals will post 0.37 EPS for the current fiscal year.

In other Silvercorp Metals news, Senior Officer Derek Zhihua Liu sold 10,000 shares of the stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of C$4.73, for a total transaction of C$47,250.00. Following the completion of the transaction, the insider now owns 84,166 shares of the company’s stock, valued at C$397,684.35. Insiders have sold 23,500 shares of company stock worth $113,135 in the last quarter.

About Silvercorp Metals (Get Rating)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China.

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