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

Silvercorp Metals Inc. (TSE:SVM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$12.20 and last traded at C$11.82, with a volume of 685117 shares. The stock had previously closed at C$11.19.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Silvercorp Metals from C$10.00 to C$12.00 in a research note on Thursday, October 16th. Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Canaccord Genuity Group upped their price target on Silvercorp Metals from C$9.50 to C$13.00 in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$12.50.

Silvercorp Metals Stock Performance

The stock has a 50 day simple moving average of C$9.75 and a two-hundred day simple moving average of C$7.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.04 and a quick ratio of 4.43. The company has a market capitalization of C$2.64 billion, a price-to-earnings ratio of 108.82, a PEG ratio of 0.03 and a beta of 1.81.

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