Silver X Mining (CVE:AGX) Given a C$1.60 Price Target by Ventum Capital Analysts

Silver X Mining (CVE:AGX) has been given a C$1.60 target price by analysts at Ventum Capital in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Ventum Capital’s price objective would indicate a potential upside of 79.78% from the company’s current price.

A number of other equities analysts have also commented on AGX. Maxim Group raised shares of Silver X Mining to a “strong-buy” rating in a research report on Tuesday, July 21st. Ventum Financial set a C$1.60 price objective on shares of Silver X Mining and gave the stock a “buy” rating in a report on Wednesday. Finally, 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 note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$1.62.

Silver X Mining Stock Performance

AGX traded up C$0.06 on Thursday, hitting C$0.89. The company had a trading volume of 472,750 shares, compared to its average volume of 1,177,511. The company’s fifty day moving average price is C$0.81 and its 200 day moving average price is C$0.78. Silver X Mining has a 1-year low of C$0.41 and a 1-year high of C$1.61. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.97 and a quick ratio of 1.12. The stock has a market cap of C$257.89 million, a price-to-earnings ratio of 89.00 and a beta of 2.94.

Insider Activity at Silver X Mining

In other Silver X Mining news, Director Jose Maria Garcia Jimenez sold 65,000 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$0.92, for a total value of C$59,800.00. Following the transaction, the director directly owned 17,163,401 shares in the company, valued at C$15,790,328.92. The trade was a 0.38% decrease in their ownership of the stock. In the last 90 days, insiders have sold 157,500 shares of company stock valued at $144,900. 21.57% of the stock is currently owned by insiders.

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.