Silvercorp Metals (TSE:SVM) PT Raised to C$5.00 at Eight Capital

Silvercorp Metals (TSE:SVM) had its target price hoisted by investment analysts at Eight Capital from C$4.00 to C$5.00 in a report released on Thursday, BayStreet.CA reports. Eight Capital’s target price points to a potential upside of 5.93% from the company’s previous close.

Shares of Silvercorp Metals stock traded up C$0.22 during trading on Thursday, hitting C$4.72. 406,172 shares of the stock traded hands, compared to its average volume of 274,647. The stock has a market cap of $718.43 million and a price-to-earnings ratio of 20.52. The company has a current ratio of 3.56, a quick ratio of 3.17 and a debt-to-equity ratio of 1.08. Silvercorp Metals has a 52-week low of C$2.43 and a 52-week high of C$4.72. The firm’s fifty day moving average is C$3.65.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Thursday, May 23rd. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.04). The firm had revenue of C$46.20 million during the quarter, compared to analysts’ expectations of C$49.50 million. On average, equities research analysts anticipate that Silvercorp Metals will post 0.19 earnings per share for the current fiscal year.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.

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