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

Ventum Capital set a C$1.60 target price on Silver X Mining (CVE:AGX) in a research report released on Thursday morning,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on AGX. Maxim Group upgraded 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 target price 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 price target on Silver X Mining and gave the company a “buy” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$1.62.

Silver X Mining Stock Performance

CVE:AGX opened at C$0.90 on Thursday. The company has a debt-to-equity ratio of 94.11, a quick ratio of 1.12 and a current ratio of 1.97. Silver X Mining has a fifty-two week low of C$0.41 and a fifty-two week high of C$1.61. The firm has a market cap of C$260.79 million, a PE ratio of 90.00 and a beta of 2.94. The business has a 50 day moving average price of C$0.82 and a 200-day moving average price of C$0.78.

Insiders Place Their Bets

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 position. Over the last quarter, insiders sold 157,500 shares of company stock worth $144,900. Insiders own 21.57% of the company’s stock.

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.