Silvercorp Metals (TSE:SVM – Free Report) had its price target lowered by Canaccord Genuity Group from C$7.50 to C$7.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.
A number of other research analysts have also recently commented on the company. Raymond James upped their price target on Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday. BMO Capital Markets set a C$5.00 price objective on Silvercorp Metals and gave the stock an outperform rating in a report on Wednesday, February 21st.
Silvercorp Metals Stock Down 2.5 %
Silvercorp Metals (TSE:SVM – Get Free Report) last released its earnings results on Thursday, February 8th. The company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. Silvercorp Metals had a return on equity of 7.50% and a net margin of 15.01%. The company had revenue of C$79.66 million for the quarter, compared to analysts’ expectations of C$74.39 million. Sell-side analysts expect that Silvercorp Metals will post 0.3522572 EPS for the current fiscal year.
Insider Activity at Silvercorp Metals
In related news, Director Rui Feng sold 40,000 shares of Silvercorp Metals stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total value of C$207,200.00. In other Silvercorp Metals news, Director Yikang Liu sold 15,167 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total value of C$61,053.24. Also, Director Rui Feng sold 40,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. 4.38% of the stock is owned by corporate insiders.
About Silvercorp Metals
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.
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