Silvercorp Metals (TSE:SVM) Director Sells 30,000 Shares of Stock

Silvercorp Metals Inc. (TSE:SVM) Director Rui Feng sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of C$14.32, for a total transaction of C$429,600.00. Following the sale, the director directly owned 6,591,000 shares of the company’s stock, valued at C$94,383,120. The trade was a 0.45% decrease in their position.

Rui Feng also recently made the following trade(s):

• On Friday, October 9th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$14.95, for a total transaction of C$448,500.00.

Silvercorp Metals Price Performance

Shares of TSE:SVM traded down C$0.66 during midday trading on Tuesday, hitting C$14.27. The company’s stock had a trading volume of 588,581 shares, compared to its average volume of 1,044,381. The business’s 50 day simple moving average is C$16.39 and its 200 day simple moving average is C$15.93. The company has a debt-to-equity ratio of 12.00, a quick ratio of 4.43 and a current ratio of 3.51. The company has a market cap of C$3.16 billion, a P/E ratio of 129.73, a price-to-earnings-growth ratio of 0.03 and a beta of 2.77. Silvercorp Metals Inc. has a 12-month low of C$8.38 and a 12-month high of C$21.61.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. The firm had revenue of C$197.01 million for the quarter. On average, analysts forecast that Silvercorp Metals Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SVM shares. National Bank Financial raised shares of Silvercorp Metals to a “hold” rating in a research note on Thursday, October 8th. Roth Capital upgraded Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Silvercorp Metals currently has an average rating of “Buy” and an average price target of C$17.50.

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.