Raymond James Increases Silvercorp Metals (TSE:SVM) Price Target to C$7.00

Silvercorp Metals (TSE:SVM) had its price target increased by Raymond James from C$5.50 to C$7.00 in a report published on Tuesday, BayStreet.CA reports.

Several other equities analysts have also commented on the stock. BMO Capital Markets set a C$5.00 price target on shares of Silvercorp Metals and gave the company an outperform rating in a research note on Wednesday, February 21st. Canaccord Genuity Group raised their target price on shares of Silvercorp Metals from C$4.50 to C$4.75 and gave the stock a buy rating in a research report on Monday, February 12th.

Silvercorp Metals Stock Performance

Shares of Silvercorp Metals stock opened at C$4.84 on Tuesday. The firm has a market capitalization of C$855.81 million, a P/E ratio of 20.96, a P/E/G 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 quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is C$4.08 and its two-hundred day moving average is C$3.58.

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

Insider Transactions at Silvercorp Metals

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

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.