Silvercorp Metals (TSE:SVM) Sets New 1-Year High – Here’s What Happened

Silvercorp Metals Inc. (TSE:SVM)’s stock price reached a new 52-week high during mid-day 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. The stock had previously closed at C$12.00.

Analyst Ratings Changes

A number of brokerages have weighed in on SVM. Cormark raised shares of Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. BMO Capital Markets increased their target price on shares of Silvercorp Metals from C$10.00 to C$12.00 in a research note on Thursday, October 16th. Finally, Canaccord Genuity Group lifted their price target on shares of Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$12.50.

Silvercorp Metals Stock Down 0.5%

The business’s 50 day simple moving average is C$10.06 and its 200 day simple moving average is C$8.00. The company has a market capitalization of C$2.59 billion, a PE ratio of 106.82, a price-to-earnings-growth ratio of 0.03 and a beta of 1.81. The company has a quick ratio of 4.43, a current ratio of 3.04 and a debt-to-equity ratio of 0.18.

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