Silvercorp Metals (TSE:SVM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Silvercorp Metals (TSE:SVM) had its target price hoisted by equities research analysts at BMO Capital Markets from C$13.00 to C$17.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 11.18% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group increased their target price on shares of Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. Cormark upgraded shares of Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Silvercorp Metals has a consensus rating of “Buy” and an average target price of C$15.25.

Silvercorp Metals Stock Performance

Shares of SVM stock opened at C$15.74 on Friday. Silvercorp Metals has a 12-month low of C$4.22 and a 12-month high of C$15.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.04 and a quick ratio of 4.43. The firm has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 143.09, a price-to-earnings-growth ratio of 0.03 and a beta of 2.07. The business has a 50 day simple moving average of C$11.30 and a 200 day simple moving average of C$8.84.

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

Insiders Place Their Bets

In other Silvercorp Metals news, Director Yikang Liu sold 9,999 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total value of C$118,388.16. Following the transaction, the director owned 113,333 shares of the company’s stock, valued at approximately C$1,341,862.72. This represents a 8.11% decrease in their ownership of the stock. Insiders own 3.67% of the company’s stock.

Silvercorp Metals Company Profile

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.