Silver X Mining (CVE:AGX) Given a C$1.60 Price Target at Ventum Financial

Silver X Mining (CVE:AGX) has been given a C$1.60 price target by research analysts at Ventum Financial in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price objective indicates a potential upside of 97.53% from the company’s previous close.

Several other equities analysts have also commented on the stock. Maxim Group upgraded shares of Silver X Mining to a “strong-buy” rating in a research report on Tuesday, July 21st. Fundamental Research set a C$1.65 target price on shares of Silver X Mining and gave the company a “buy” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Silver X Mining has an average rating of “Buy” and an average price target of C$1.62.

Silver X Mining Price Performance

AGX traded up C$0.01 during trading hours on Wednesday, hitting C$0.81. The company’s stock had a trading volume of 312,389 shares, compared to its average volume of 1,180,301. The business’s 50-day moving average price is C$0.80 and its 200-day moving average price is C$0.78. Silver X Mining has a 12 month low of C$0.41 and a 12 month high of C$1.61. The stock has a market cap of C$234.71 million, a price-to-earnings ratio of 81.00 and a beta of 2.94. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 94.11.

Insider Buying and Selling at Silver X Mining

In other news, Director Jose Maria Garcia Jimenez sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of C$0.92, for a total transaction of C$59,800.00. Following the transaction, the director owned 17,163,401 shares of the company’s stock, valued at approximately C$15,790,328.92. The trade was a 0.38% decrease in their position. Over the last 90 days, insiders sold 157,500 shares of company stock worth $144,900. Insiders own 21.57% of the company’s stock.

Silver X Mining Company Profile

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.