Silvercorp Metals (TSE:SVM) Price Target Raised to C$7.00 at Eight Capital

Silvercorp Metals (TSE:SVM) had its price objective raised by Eight Capital from C$6.20 to C$7.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group reduced their price target on Silvercorp Metals from C$7.50 to C$7.00 and set a buy rating on the stock in a research report on Wednesday, April 24th. Raymond James boosted their price target on Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets upped their target price on Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday, April 25th.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at C$5.14 on Thursday. The stock’s 50 day moving average price is C$4.97 and its 200 day moving average price is C$4.22. The firm has a market capitalization of C$908.85 million, a PE ratio of 22.35, a price-to-earnings-growth ratio of 0.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.43 and a current ratio of 3.73. Silvercorp Metals has a one year low of C$2.88 and a one year high of C$5.98.

Silvercorp Metals (TSE:SVM) last released its quarterly earnings results on Thursday, May 23rd. The company reported C$0.03 EPS for the quarter, hitting the consensus estimate of C$0.03. The firm had revenue of C$57.54 million for the quarter, compared to analyst estimates of C$52.82 million. Silvercorp Metals had a return on equity of 7.50% and a net margin of 15.01%. As a group, sell-side analysts expect that Silvercorp Metals will post 0.314554 EPS for the current fiscal year.

Silvercorp Metals Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 7th were given a $0.017 dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, June 7th. Silvercorp Metals’s payout ratio is 13.04%.

Insider Activity at Silvercorp Metals

In related news, Director Yikang Liu sold 11,832 shares of the company’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$5.65, for a total transaction of C$66,878.01. In related news, Director Yikang Liu sold 11,832 shares of the company’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$5.65, for a total transaction of C$66,878.01. Also, Senior Officer Derek Zhihua Liu sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of C$4.27, for a total value of C$85,300.00. Corporate insiders own 4.33% 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.