Yikang Liu Sells 9,999 Shares of Silvercorp Metals (TSE:SVM) Stock

Silvercorp Metals Inc. (TSE:SVM) Director Yikang Liu sold 9,999 shares of Silvercorp Metals stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total transaction of C$118,388.16. Following the completion of the sale, the director directly owned 113,333 shares of the company’s stock, valued at approximately C$1,341,862.72. This trade represents a 8.11% decrease in their position.

Silvercorp Metals Stock Performance

SVM traded down C$0.26 during mid-day trading on Wednesday, reaching C$11.48. 352,014 shares of the company traded hands, compared to its average volume of 728,378. The company’s fifty day moving average price is C$10.24 and its 200-day moving average price is C$8.20. The stock has a market capitalization of C$2.53 billion, a P/E ratio of 104.36, a P/E/G ratio of 0.03 and a beta of 1.81. The company has a quick ratio of 4.43, a current ratio of 3.04 and a debt-to-equity ratio of 0.18. Silvercorp Metals Inc. has a 52-week low of C$4.18 and a 52-week high of C$12.60.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$116.03 million during the quarter. Silvercorp Metals had a return on equity of 9.91% and a net margin of 23.07%. On average, sell-side analysts expect that Silvercorp Metals Inc. will post 0.5394046 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SVM shares. BMO Capital Markets increased their price objective on shares of Silvercorp Metals from C$10.00 to C$12.00 in a research note on Thursday, October 16th. Cormark raised shares of Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Canaccord Genuity Group lifted their price target on shares of Silvercorp Metals from C$9.50 to C$13.00 in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Silvercorp Metals has a consensus rating of “Buy” and a consensus target price of C$12.50.

About Silvercorp Metals

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.