Key Points
- Director Rui Feng sold 30,000 Silvercorp Metals shares at C$14.32 each for C$429,600, reducing his direct ownership by 0.45% to 6.591 million shares. He also sold another 30,000 shares at C$14.95 on October 9.
- Silvercorp Metals shares were trading down 4.4%, opening at C$14.27, below their 50-day moving average of C$16.39 but above the 52-week low of C$8.38.
- Analysts maintain an overall “Buy” rating, with a C$17.50 average price target. The company reported C$0.30 in quarterly EPS on C$197.01 million in revenue, while National Bank Financial upgraded the stock to “Hold.”
Silvercorp Metals Inc. (TSE:SVM - Get Free Report) Director Rui Feng sold 30,000 shares of the 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 transaction, the director directly owned 6,591,000 shares in the company, valued at approximately C$94,383,120. This represents a 0.45% decrease in their ownership of the stock.
Rui Feng also recently made the following trade(s):
- On Friday, October 9th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The stock was sold at an average price of C$14.95, for a total transaction of C$448,500.00.
Silvercorp Metals Trading Down 4.4%
SVM opened at C$14.27 on Wednesday. Silvercorp Metals Inc. has a 1-year low of C$8.38 and a 1-year high of C$21.61. The company has a current ratio of 3.51, a quick ratio of 4.43 and a debt-to-equity ratio of 12.00. 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. The company has a fifty day moving average price of C$16.39 and a two-hundred day moving average price of C$15.93.
Silvercorp Metals (TSE:SVM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$197.01 million for the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. Analysts predict that Silvercorp Metals Inc. will post 0.54 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, National Bank Financial raised Silvercorp Metals to a "hold" rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$17.50.
Read Our Latest Stock Analysis on Silvercorp Metals
Silvercorp Metals Company Profile
(
Get Free Report)
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.
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