Silvercorp Metals (TSE:SVM) Director Sells C$448,500.00 in Stock

Silvercorp Metals Inc. (TSE:SVM) Director Rui Feng sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 6,531,000 shares of the company’s stock, valued at C$97,638,450. The trade was a 0.46% decrease in their position.

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

• On Wednesday, October 7th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The stock was sold at an average price of C$14.32, for a total value of C$429,600.00.

Silvercorp Metals Trading Up 3.3%

TSE SVM opened at C$13.86 on Friday. The firm has a market cap of C$3.07 billion, a P/E ratio of 126.00, a P/E/G ratio of 0.03 and a beta of 2.77. The company has a debt-to-equity ratio of 12.00, a current ratio of 3.51 and a quick ratio of 4.43. The stock’s 50-day moving average is C$16.32 and its 200-day moving average is C$15.93. Silvercorp Metals Inc. has a one year low of C$8.38 and a one year high of C$21.61.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.30 earnings per share (EPS) for the quarter. Silvercorp Metals had a return on equity of 3.57% and a net margin of 6.12%. The business had revenue of C$197.01 million during the quarter. Sell-side analysts anticipate that Silvercorp Metals Inc. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, National Bank Financial raised shares of Silvercorp Metals to a “hold” rating in a research note on Thursday, October 8th. One 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 company presently has a consensus rating of “Buy” and a consensus 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.