Ventum Financial Reiterates “C$1.60” Price Target for Silver X Mining (CVE:AGX)

Ventum Financial set a C$1.60 price objective on Silver X Mining (CVE:AGX) in a research note released on Wednesday,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on AGX. Maxim Group upgraded shares of Silver X Mining to a “strong-buy” rating in a report on Tuesday, July 21st. Fundamental Research set a C$1.65 price objective on shares of Silver X Mining and gave the stock a “buy” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, Silver X Mining currently has an average rating of “Buy” and a consensus target price of C$1.62.

Silver X Mining Stock Up 2.3%

CVE:AGX opened at C$0.90 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 94.11. Silver X Mining has a 1-year low of C$0.41 and a 1-year high of C$1.61. The business’s fifty day moving average price is C$0.82 and its 200 day moving average price is C$0.78. The firm has a market capitalization of C$260.79 million, a price-to-earnings ratio of 90.00 and a beta of 2.94.

Insider Buying and Selling

In other Silver X Mining news, Director Jose Maria Garcia Jimenez sold 65,000 shares of Silver X Mining 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 sale, the director directly 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 ownership of the stock. Insiders have sold a total of 157,500 shares of company stock worth $144,900 in the last three months. 21.57% of the stock is owned by company insiders.

About Silver X Mining

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.