Silvercorp Metals (TSE:SVM) Reaches New 52-Week High – What’s Next?

Silvercorp Metals Inc. (TSE:SVM) hit a new 52-week high on Thursday . The company traded as high as C$19.57 and last traded at C$19.52, with a volume of 503606 shares changing hands. The stock had previously closed at C$17.75.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SVM shares. BMO Capital Markets increased their price target on Silvercorp Metals from C$13.00 to C$17.50 in a research report on Friday, January 16th. Roth Mkm lowered shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Silvercorp Metals has an average rating of “Moderate Buy” and a consensus target price of C$15.25.

Silvercorp Metals Trading Up 3.4%

The company has a quick ratio of 4.43, a current ratio of 1.24 and a debt-to-equity ratio of 16.17. The stock’s 50 day moving average price is C$15.94 and its 200-day moving average price is C$13.44. The stock has a market capitalization of C$4.05 billion, a P/E ratio of -203.89, a P/E/G ratio of 0.03 and a beta of 2.67.

Silvercorp Metals (TSE:SVM) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.30 earnings per share (EPS) for the quarter. Silvercorp Metals had a negative net margin of 4.57% and a negative return on equity of 2.33%. The firm had revenue of C$173.10 million for the quarter. As a group, equities research analysts expect that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.

Silvercorp Metals Company Profile

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