Silver X Mining (CVE:AGX) Price Target Raised to C$2.50

Silver X Mining (CVE:AGX) had its price objective raised by Ventum Financial from C$1.60 to C$2.50 in a research note issued to investors on Wednesday,BayStreet reports.

A number of other equities research analysts have also commented on the stock. Fundamental Research set a C$1.65 price objective on shares of Silver X Mining and gave the company a “buy” rating in a research note on Tuesday, August 18th. Maxim Group raised shares of Silver X Mining to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Ventum Capital set a C$1.60 target price on shares of Silver X Mining and gave the company a “buy” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$1.92.

Silver X Mining Stock Performance

CVE:AGX opened at C$0.99 on Wednesday. The company has a debt-to-equity ratio of 94.11, a quick ratio of 1.12 and a current ratio of 1.97. Silver X Mining has a fifty-two week low of C$0.41 and a fifty-two week high of C$1.61. The company has a 50 day simple moving average of C$0.85 and a two-hundred day simple moving average of C$0.78. The company has a market capitalization of C$286.87 million, a PE ratio of 99.00 and a beta of 2.94.

Insiders Place Their Bets

In other Silver X Mining news, Director Jose Maria Garcia Jimenez sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$0.91, for a total value of C$59,150.00. Following the transaction, the director directly owned 17,060,901 shares of the company’s stock, valued at approximately C$15,525,419.91. The trade was a 0.38% decrease in their ownership of the stock. Insiders sold 222,500 shares of company stock valued at $204,050 in the last ninety days. Insiders own 21.57% of the company’s stock.

About Silver X Mining

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.