Silvercorp Metals (TSE:SVM) Given New C$7.00 Price Target at Raymond James

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

Several other brokerages have also issued reports on SVM. Canaccord Genuity Group upped their target price on Silvercorp Metals from C$4.50 to C$4.75 and gave the company a buy rating in a research report on Monday, February 12th. BMO Capital Markets set a C$5.00 target price on Silvercorp Metals and gave the company an outperform rating in a research report on Wednesday, February 21st.

Silvercorp Metals Trading Up 3.2 %

Shares of TSE SVM opened at C$4.84 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 4.43. The stock has a market capitalization of C$855.81 million, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91. Silvercorp Metals has a 1-year low of C$2.88 and a 1-year high of C$5.47. The business has a fifty day moving average price of C$4.08 and a 200 day moving average price of C$3.58.

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

Insider Activity

In other news, Director Rui Feng sold 40,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total value of C$207,200.00. In other news, Director Rui Feng sold 40,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total value of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the firm’s 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. Corporate insiders own 4.38% of the company’s stock.

About Silvercorp Metals

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.