Silvercorp Metals (TSE:SVM) Releases Earnings Results

Silvercorp Metals (TSE:SVM) posted its quarterly earnings results on Thursday. The company reported C$0.10 EPS for the quarter, FiscalAI reports. The business had revenue of C$102.64 million for the quarter. Silvercorp Metals had a return on equity of 3.57% and a net margin of 6.12%.

Silvercorp Metals Trading Up 7.6%

Shares of Silvercorp Metals stock traded up C$0.89 during trading hours on Friday, hitting C$12.58. The company’s stock had a trading volume of 987,200 shares, compared to its average volume of 1,026,653. The stock has a market cap of C$2.78 billion, a price-to-earnings ratio of 114.36, a P/E/G ratio of 0.03 and a beta of 2.75. The company has a debt-to-equity ratio of 12.00, a quick ratio of 4.43 and a current ratio of 3.51. Silvercorp Metals has a twelve month low of C$8.41 and a twelve month high of C$21.61. The firm has a fifty day moving average of C$14.74 and a 200-day moving average of C$15.53.

Insider Transactions at Silvercorp Metals

In other Silvercorp Metals news, Director Rui Feng sold 30,000 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$14.95, for a total transaction of C$448,500.00. Following the completion of the transaction, the director owned 6,531,000 shares of the company’s stock, valued at C$97,638,450. This trade represents a 0.46% decrease in their ownership of the stock. Company insiders own 3.67% of the company’s stock.

Analyst Ratings Changes

Separately, National Bank Financial raised shares of Silvercorp Metals to a “hold” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$17.50.

About Silvercorp Metals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.