Derek Zhihua Liu Sells 53,333 Shares of Silvercorp Metals Inc. (TSE:SVM) Stock

Silvercorp Metals Inc. (TSE:SVM) Senior Officer Derek Zhihua Liu sold 53,333 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$5.86, for a total value of C$312,531.38.

Derek Zhihua Liu also recently made the following trade(s):

• On Thursday, August 29th, Derek Zhihua Liu sold 52,500 shares of Silvercorp Metals stock. The shares were sold at an average price of C$5.32, for a total transaction of C$279,247.50.

Silvercorp Metals Trading Down 0.3 %

Shares of TSE:SVM opened at C$6.26 on Friday. Silvercorp Metals Inc. has a 1 year low of C$2.88 and a 1 year high of C$6.31. The firm has a market capitalization of C$1.36 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. The business’s 50-day moving average is C$5.07 and its 200 day moving average is C$4.90.

Silvercorp Metals (TSE:SVM) last issued its earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.04. The company had revenue of C$98.74 million during the quarter, compared to analyst estimates of C$98.53 million. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. On average, research analysts predict that Silvercorp Metals Inc. will post 0.4137427 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SVM has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Silvercorp Metals from C$6.00 to C$7.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 7th. Raymond James raised their price target on Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st. Finally, Eight Capital boosted their price target on shares of Silvercorp Metals from C$6.20 to C$7.00 in a report on Thursday, July 11th.

Silvercorp Metals Company Profile

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.