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

Silvercorp Metals Inc. (TSE:SVM) 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 changing hands. The stock had previously closed at C$20.19.

Analyst Ratings Changes

A number of 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 report on Tuesday, January 20th. BMO Capital Markets raised their price objective on shares of Silvercorp Metals from C$13.00 to C$17.50 in a report on Friday, January 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$15.25.

Silvercorp Metals Trading Up 3.0%

The company has a debt-to-equity ratio of 16.17, a quick ratio of 4.43 and a current ratio of 1.24. The firm’s fifty day simple moving average is C$16.02 and its 200-day simple moving average is C$13.73. The stock has a market cap of C$4.59 billion, a P/E ratio of -231.00, a price-to-earnings-growth ratio of 0.03 and a beta of 2.67.

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

About Silvercorp Metals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.