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

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SVM. BMO Capital Markets upped their target price on shares of 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.25.

Silvercorp Metals Price Performance

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 company has a market capitalization of C$4.05 billion, a PE ratio of -203.89, a price-to-earnings-growth ratio of 0.03 and a beta of 2.67. The firm’s 50 day simple moving average is C$15.94 and its 200 day simple moving average is C$13.44.

Silvercorp Metals (TSE:SVM) last released its earnings results 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 during the quarter. As a group, research analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 EPS for the current fiscal year.

About Silvercorp Metals

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