Silvercorp Metals (TSE:SVM) Reaches New 1-Year High – Time to Buy?

Silvercorp Metals Inc. (TSE:SVM)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$12.49 and last traded at C$12.26, with a volume of 246618 shares traded. The stock had previously closed at C$12.00.

Wall Street Analyst Weigh In

SVM has been the subject of several recent research reports. Canaccord Genuity Group increased their price target on shares of Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Finally, BMO Capital Markets boosted their price target on Silvercorp Metals from C$10.00 to C$12.00 in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$12.50.

Silvercorp Metals Trading Up 2.7%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.43 and a current ratio of 3.04. The stock has a market cap of C$2.71 billion, a P/E ratio of 112.00, a P/E/G ratio of 0.03 and a beta of 1.81. The company has a 50-day simple moving average of C$9.96 and a 200-day simple moving average of C$7.91.

Silvercorp Metals (TSE:SVM) last announced its earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. Silvercorp Metals had a return on equity of 9.91% and a net margin of 23.07%.The company had revenue of C$116.03 million during the quarter. On average, sell-side analysts forecast that Silvercorp Metals Inc. will post 0.5394046 EPS for the current fiscal year.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.