Insider Selling: Silvercorp Metals (TSE:SVM) Director Sells 30,000 Shares of Stock

Silvercorp Metals Inc. (TSE:SVM) Director Rui Feng sold 30,000 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$14.95, for a total transaction of C$448,500.00. Following the completion of the transaction, the director owned 6,531,000 shares in the company, valued at C$97,638,450. The trade was a 0.46% decrease in their position.

Rui Feng also recently made the following trade(s):

• On Wednesday, October 7th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$14.32, for a total transaction of C$429,600.00.

Silvercorp Metals Stock Down 4.4%

Shares of SVM traded down C$0.66 on Tuesday, reaching C$14.27. The stock had a trading volume of 588,581 shares, compared to its average volume of 1,044,381. The company has a debt-to-equity ratio of 12.00, a quick ratio of 4.43 and a current ratio of 3.51. The company has a 50-day simple moving average of C$16.39 and a 200-day simple moving average of C$15.93. The firm has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 129.73, a price-to-earnings-growth ratio of 0.03 and a beta of 2.77. Silvercorp Metals Inc. has a 12-month low of C$8.38 and a 12-month high of C$21.61.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a return on equity of 3.57% and a net margin of 6.12%. The company had revenue of C$197.01 million for the quarter. Sell-side analysts predict that Silvercorp Metals Inc. will post 0.54 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SVM. National Bank Financial upgraded shares of Silvercorp Metals to a “hold” rating in a research report on Thursday, October 8th. Roth Capital upgraded shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$17.50.

Silvercorp Metals Company Profile

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.