Yikang Liu Sells 9,999 Shares of Silvercorp Metals (TSE:SVM) Stock

Silvercorp Metals Inc. (TSE:SVM) Director Yikang Liu sold 9,999 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$11.84, for a total value of C$118,388.16. Following the completion of the transaction, the director owned 113,333 shares of the company’s stock, valued at C$1,341,862.72. This trade represents a 8.11% decrease in their position.

Silvercorp Metals Price Performance

TSE SVM opened at C$11.48 on Friday. The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18. Silvercorp Metals Inc. has a 1 year low of C$4.18 and a 1 year high of C$12.60. The company has a market cap of C$2.53 billion, a PE ratio of 104.36, a PEG ratio of 0.03 and a beta of 1.81. The stock’s 50-day moving average price is C$10.35 and its two-hundred day moving average price is C$8.25.

Silvercorp Metals (TSE:SVM) last announced its earnings results on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. Silvercorp Metals had a net margin of 23.07% and a return on equity of 9.91%. The company had revenue of C$116.03 million during the quarter. On average, analysts predict that Silvercorp Metals Inc. will post 0.5394046 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of Silvercorp Metals from C$10.00 to C$12.00 in a research note on Thursday, October 16th. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Canaccord Genuity Group upped their price target on Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$12.50.

About Silvercorp Metals

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.