Silvercorp Metals Inc (TSE:SVM) stock price target upped to $4.00, released a report earlier today by Raymond James
- Updated: September 23, 2016
Stating as potential downside of -0.10%, Raymond James upped the target price of Silvercorp Metals Inc (TSE:SVM) to $4.00
Previously on 6/27/2016, Raymond James released a statement about Silvercorp Metals Inc (TSE:SVM) increased the target price from $2.50 to $3.00. At the time, this indicated a possible upside of 0.08%.
Just yesterday Silvercorp Metals Inc (TSE:SVM) traded 0.22% higher at $4.46. Silvercorp Metals Inc’s 50-day moving average is $4.19 and its 200-day moving average is $3.07. The last stock price is up 46.24% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 587,925 shares of SVM traded hands, down from an average trading volume of 905,854
Recent Performance Chart
Silvercorp Metals Inc has 52 week low of $0.60 and a one year high of $4.73 with a PE ratio of 86.35 and has a total market value of $0.
A total of 1 broker has issued a research note on Silvercorp Metals Inc. zero brokerages rating the company a strong buy, zero equity analysts rating the company a buy, 1 broker rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $2.31.
More About Silvercorp Metals Inc (TSE:SVM)
Silvercorp Metals Inc. (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company's segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver. The Company is the primary silver producer in China through the operation of over four silver-lead-zinc mines in the Ying Mining District in Henan Province, China, including SGX, HZG, TLP, Haopinggou (HPG) and the LM mines. The Company also has commercial production at its Gaocheng (GC) silver-lead-zinc project in Guangdong Province. Silvercorp's principal products and source of sales are silver-bearing lead and zinc concentrates and some direct smelting ores. The Company sells all its products to local smelters or companies in the mineral products trading business.
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