Silvercorp Metals Inc. (TSE:SVM) Director Yikang Liu Sells 3,800 Shares

by · The Cerbat Gem

Silvercorp Metals Inc. (TSE:SVM – Get Free Report) Director Yikang Liu sold 3,800 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total transaction of C$26,600.00.

Silvercorp Metals Stock Up 6.8 %

Shares of SVM stock traded up C$0.44 on Friday, hitting C$6.95. The stock had a trading volume of 1,062,253 shares, compared to its average volume of 400,692. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. The business has a 50 day moving average of C$5.48 and a 200 day moving average of C$5.13. Silvercorp Metals Inc. has a 12-month low of C$2.88 and a 12-month high of C$7.07. The stock has a market cap of C$1.51 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15.

Silvercorp Metals (TSE:SVM – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.04. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%. The firm had revenue of C$98.74 million during the quarter, compared to analyst estimates of C$98.53 million. As a group, analysts expect that Silvercorp Metals Inc. will post 0.5394046 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Silvercorp Metals from C$6.00 to C$7.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 7th. Eight Capital increased their target price on shares of Silvercorp Metals from C$6.20 to C$7.00 in a research note on Thursday, July 11th. Finally, Raymond James increased their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st.

Read Our Latest Report on SVM

Silvercorp Metals Company Profile

(Get Free Report)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.

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