Silvercorp Metals (TSE:SVM) Given New C$7.00 Price Target at Canaccord Genuity Group

Silvercorp Metals (TSE:SVM) had its price objective decreased by Canaccord Genuity Group from C$7.50 to C$7.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

SVM has been the subject of several other research reports. Raymond James raised their price target on Silvercorp Metals from C$5.50 to C$7.00 in a report on Tuesday. BMO Capital Markets set a C$5.00 target price on shares of Silvercorp Metals and gave the company an outperform rating in a research note on Wednesday, February 21st.

Silvercorp Metals Stock Down 2.5 %

TSE:SVM opened at C$4.72 on Wednesday. The firm has a market cap of C$834.59 million, a P/E ratio of 20.52, a P/E/G ratio of 0.03 and a beta of 0.91. Silvercorp Metals has a fifty-two week low of C$2.88 and a fifty-two 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 firm has a 50-day simple moving average of C$4.11 and a two-hundred day simple moving average of C$3.59.

Silvercorp Metals (TSE:SVM) last released 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. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. The firm had revenue of C$79.66 million during the quarter, compared to analyst estimates of C$74.39 million. Analysts predict that Silvercorp Metals will post 0.3522572 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Yikang Liu sold 15,167 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 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 transaction of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of Silvercorp Metals stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total value of C$61,053.24. 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.