Silvercorp Metals (TSE:SVM) Rating Lowered to Hold at Roth Mkm

Silvercorp Metals (TSE:SVM) was downgraded by stock analysts at Roth Mkm from a “buy” rating to a “hold” rating in a report issued on Tuesday, MarketBeat.com reports.

SVM has been the subject of several other reports. BMO Capital Markets boosted their target price on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research report on Friday, January 16th. Canaccord Genuity Group boosted their price objective on shares of Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. Finally, Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Silvercorp Metals currently has an average rating of “Moderate Buy” and a consensus target price of C$15.25.

Silvercorp Metals Stock Down 2.2%

Silvercorp Metals stock opened at C$16.49 on Tuesday. The stock has a market cap of C$3.63 billion, a PE ratio of 149.91, a price-to-earnings-growth ratio of 0.03 and a beta of 2.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.43 and a current ratio of 3.04. Silvercorp Metals has a one year low of C$4.22 and a one year high of C$17.34. The stock has a fifty day moving average of C$11.72 and a 200 day moving average of C$9.05.

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

Insider Activity at Silvercorp Metals

In related news, Director Yikang Liu sold 9,999 shares of Silvercorp Metals stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$11.84, for a total transaction of C$118,388.16. Following the transaction, the director owned 113,333 shares in the company, valued at approximately C$1,341,862.72. The trade was a 8.11% decrease in their position. 3.67% of the stock is owned by insiders.

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.