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

Silvercorp Metals Inc. (TSE:SVM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$20.88 and last traded at C$20.79, with a volume of 1074197 shares. The stock had previously closed at C$20.19.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SVM. BMO Capital Markets increased their price objective on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research note on Friday, January 16th. Roth Mkm downgraded shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.25.

Silvercorp Metals Trading Up 3.0%

The business’s 50 day moving average price is C$16.02 and its two-hundred day moving average price is C$13.73. The company has a current ratio of 1.24, a quick ratio of 4.43 and a debt-to-equity ratio of 16.17. The company has a market capitalization of C$4.59 billion, a price-to-earnings ratio of -231.00, a P/E/G ratio of 0.03 and a beta of 2.67.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a negative net margin of 4.57% and a negative return on equity of 2.33%. The company had revenue of C$173.10 million for the quarter. On average, equities analysts predict that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current fiscal year.

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.