Silvercorp Metals (TSE:SVM) Hits New 1-Year High – Should You Buy?

Silvercorp Metals Inc. (TSE:SVM)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$13.51 and last traded at C$13.32, with a volume of 226273 shares changing hands. The stock had previously closed at C$12.78.

Analyst Upgrades and Downgrades

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

Silvercorp Metals Stock Up 4.6%

The stock has a market cap of C$2.95 billion, a PE ratio of 121.55, a price-to-earnings-growth ratio of 0.03 and a beta of 2.07. The business has a fifty day moving average of C$10.76 and a 200-day moving average of C$8.56. 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 announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. Silvercorp Metals had a return on equity of 9.91% and a net margin of 23.07%.The firm had revenue of C$116.03 million for the quarter. Equities research analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.

Insider Transactions at Silvercorp Metals

In other news, Director Yikang Liu sold 9,999 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 113,333 shares of the company’s stock, valued at approximately C$1,341,862.72. The trade was a 8.11% decrease in their position. Company insiders own 3.67% of the company’s stock.

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.