Silvercorp Metals (TSE:SVM) Sets New 52-Week High – Still a Buy?

Silvercorp Metals Inc. (TSE:SVM) shares reached a new 52-week high during trading on Monday . The company traded as high as C$19.09 and last traded at C$18.15, with a volume of 1085518 shares. The stock had previously closed at C$18.96.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on Silvercorp Metals from C$13.00 to C$17.50 in a research report on Friday, January 16th. Roth Mkm cut shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Silvercorp Metals has an average rating of “Moderate Buy” and a consensus target price of C$15.25.

Silvercorp Metals Stock Up 2.6%

The stock has a market cap of C$3.82 billion, a price-to-earnings ratio of -192.00, a P/E/G ratio of 0.03 and a beta of 2.14. The company has a current ratio of 1.24, a quick ratio of 4.43 and a debt-to-equity ratio of 16.17. The firm’s 50 day moving average is C$14.77 and its two-hundred day moving average is C$11.02.

Silvercorp Metals (TSE:SVM) last released its quarterly earnings results on Monday, February 9th. The company reported C($0.10) earnings per share (EPS) for the quarter. The firm had revenue of C$173.10 million for the quarter. Silvercorp Metals had a negative return on equity of 2.33% and a negative net margin of 4.57%. On average, sell-side analysts predict that Silvercorp Metals Inc. will post 0.5394046 EPS for the current year.

Insiders Place Their Bets

In other Silvercorp Metals news, Director Yikang Liu sold 9,999 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total value of C$118,388.16. Following the completion of the transaction, the director directly owned 113,333 shares in the company, valued at approximately C$1,341,862.72. The trade was a 8.11% decrease in their position. Company insiders own 3.67% of the company’s stock.

About Silvercorp Metals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.