Silvercorp Metals (TSE:SVM) Given New C$7.00 Price Target at Raymond James

Silvercorp Metals (TSE:SVM) had its price objective upped by Raymond James from C$5.50 to C$7.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for Silvercorp Metals’ FY2024 earnings at $0.26 EPS.

A number of other analysts have also issued reports on the company. BMO Capital Markets set a C$5.00 target price on Silvercorp Metals and gave the company an outperform rating in a research report on Wednesday, February 21st. Canaccord Genuity Group boosted their target price on Silvercorp Metals from C$4.50 to C$4.75 and gave the company a buy rating in a research report on Monday, February 12th.

Silvercorp Metals Trading Down 6.6 %

SVM opened at C$4.52 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 4.43. The company’s 50 day simple moving average is C$4.18 and its two-hundred day simple moving average is C$3.61. Silvercorp Metals has a 1-year low of C$2.88 and a 1-year high of C$5.47. The firm has a market capitalization of C$799.23 million, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91.

Silvercorp Metals (TSE:SVM) last released its earnings results on Thursday, February 8th. The company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. The business had revenue of C$79.66 million for the quarter, compared to analyst estimates of C$74.39 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. Analysts expect that Silvercorp Metals will post 0.3522572 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rui Feng sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. In other Silvercorp Metals news, Director Rui Feng sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total transaction of C$61,053.24. Insiders own 4.38% of the company’s stock.

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.