Shares of Silvercorp Metals Inc. (TSE:SVM – Get Free Report) were down 0.6% during mid-day trading on Wednesday. The company traded as low as C$13.05 and last traded at C$13.12. 900,371 shares were traded during trading, a decline of 12% from the average daily volume of 1,025,451 shares. The stock had previously closed at C$13.20.
Analyst Ratings Changes
Separately, National Bank Financial raised Silvercorp Metals to a “hold” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Silvercorp Metals presently has an average rating of “Buy” and a consensus price target of C$17.50.
Check Out Our Latest Report on Silvercorp Metals
Silvercorp Metals Stock Down 3.5%
The stock has a market cap of C$2.72 billion, a P/E ratio of 64.74, a price-to-earnings-growth ratio of 0.03 and a beta of 2.75. The company has a current ratio of 3.28, a quick ratio of 4.43 and a debt-to-equity ratio of 12.20. The stock’s 50-day moving average is C$14.41 and its 200-day moving average is C$15.45.
Silvercorp Metals (TSE:SVM – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$102.64 million for the quarter. Silvercorp Metals had a net margin of 9.75% and a return on equity of 5.12%. As a group, research analysts anticipate that Silvercorp Metals Inc. will post 0.54 earnings per share for the current fiscal year.
Insider Activity at Silvercorp Metals
In related news, Director Rui Feng sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of C$14.32, for a total transaction of C$429,600.00. Following the transaction, the director owned 6,591,000 shares in the company, valued at C$94,383,120. This trade represents a 0.45% decrease in their ownership of the stock. 3.67% of the stock is owned by corporate insiders.
About Silvercorp Metals
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.
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