Silvercorp Metals (TSE:SVM) Trading 0.1% Higher – Still a Buy?

Silvercorp Metals Inc. (TSE:SVM)’s stock price traded up 0.1% during mid-day trading on Monday . The company traded as high as C$9.30 and last traded at C$9.11. 520,248 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 695,080 shares. The stock had previously closed at C$9.10.

Analyst Ratings Changes

Several research firms have recently commented on SVM. BMO Capital Markets upped their target price on Silvercorp Metals from C$10.00 to C$12.00 in a research report on Thursday, October 16th. Canaccord Genuity Group upped their price objective on Silvercorp Metals from C$9.50 to C$13.00 in a report on Thursday, October 2nd. Finally, Cormark raised 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, the company currently has a consensus rating of “Buy” and an average target price of C$12.50.

Silvercorp Metals Stock Up 0.1%

The company has a market capitalization of C$1.99 billion, a P/E ratio of 37.64, a PEG ratio of 0.03 and a beta of 1.69. The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of C$8.32 and a 200 day moving average price of C$6.70.

Insider Activity at Silvercorp Metals

In other news, insider Derek Zhihua Liu sold 40,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of C$6.69, for a total value of C$267,664.00. Following the completion of the transaction, the insider directly owned 132,010 shares in the company, valued at approximately C$883,358.12. This represents a 23.25% decrease in their position. 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.