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

Silvercorp Metals Inc. (TSE:SVM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$19.09 and last traded at C$18.15, with a volume of 1085518 shares traded. The stock had previously closed at C$18.96.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Roth Mkm lowered shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. BMO Capital Markets upped their price objective on shares of Silvercorp Metals from C$13.00 to C$17.50 in a report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.25.

Silvercorp Metals Stock Performance

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’s fifty day moving average price is C$14.54 and its 200 day moving average price is C$10.86. The company has a market cap of C$4.10 billion, a PE ratio of -206.22, a P/E/G ratio of 0.03 and a beta of 2.14.

Silvercorp Metals (TSE:SVM) last released its earnings results on Monday, February 9th. The company reported C($0.10) earnings per share (EPS) for the quarter. Silvercorp Metals had a net margin of 23.07% and a return on equity of 9.91%. The business had revenue of C$173.10 million during the quarter. On average, equities research analysts predict that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Yikang Liu sold 9,999 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total value of C$118,388.16. Following the transaction, the director owned 113,333 shares in the company, valued at approximately C$1,341,862.72. This represents a 8.11% decrease in their ownership of the stock. Insiders own 3.67% of the company’s stock.

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.