Silvercorp Metals Inc. (TSE:SVM – Get Free Report) shares dropped 0.6% during trading on Wednesday. The company traded as low as C$13.05 and last traded at C$13.12. Approximately 900,371 shares were traded during trading, a decline of 12% from the average session volume of 1,025,451 shares. The stock had previously closed at C$13.20.
Wall Street Analyst Weigh In
Separately, National Bank Financial upgraded shares of Silvercorp Metals to a “hold” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$17.50.
Get Our Latest Report on Silvercorp Metals
Silvercorp Metals Trading Down 0.6%
The company has a debt-to-equity ratio of 12.20, a quick ratio of 4.43 and a current ratio of 3.28. The firm has a market cap of C$2.90 billion, a price-to-earnings ratio of 69.05, a P/E/G ratio of 0.03 and a beta of 2.75. The company’s 50-day moving average is C$14.51 and its 200-day moving average is C$15.48.
Silvercorp Metals (TSE:SVM – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported C$0.10 earnings per share (EPS) for the quarter. Silvercorp Metals had a net margin of 9.75% and a return on equity of 5.12%. The company had revenue of C$102.64 million for the quarter. On average, research analysts predict that Silvercorp Metals Inc. will post 0.54 earnings per share for the current year.
Insider Buying and Selling at Silvercorp Metals
In related news, Director Rui Feng sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$14.95, for a total value 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. 3.67% of the stock is currently owned by corporate insiders.
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.
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