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

Silvercorp Metals Inc. (TSE:SVM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$11.48 and last traded at C$11.37, with a volume of 1168736 shares traded. The stock had previously closed at C$10.85.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Cormark upgraded shares of Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. BMO Capital Markets lifted their price target on shares of Silvercorp Metals from C$10.00 to C$12.00 in a research report on Thursday, October 16th. Finally, Canaccord Genuity Group increased their price objective on Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. 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 a consensus target price of C$12.50.

Silvercorp Metals Trading Up 4.8%

The company has a market cap of C$2.50 billion, a PE ratio of 103.36, a price-to-earnings-growth ratio of 0.03 and a beta of 1.81. The company’s 50 day simple moving average is C$9.57 and its two-hundred day simple moving average is C$7.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.04 and a quick ratio of 4.43.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. The firm 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, sell-side analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 EPS for the current fiscal year.

About Silvercorp Metals

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.