Eight Capital set a C$4.00 price objective on Silvercorp Metals (TSE:SVM) in a research note released on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Silvercorp Metals stock opened at C$2.85 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.89 and a current ratio of 3.27. Silvercorp Metals has a 1 year low of C$2.43 and a 1 year high of C$3.95. The stock has a market cap of $483.63 million and a price-to-earnings ratio of 12.39.
In other Silvercorp Metals news, Director Rui Feng sold 24,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$3.60, for a total transaction of C$86,481.60. Following the transaction, the director now directly owns 5,078,000 shares in the company, valued at approximately C$18,298,065.20.
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
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