Silvercorp Metals (TSE:SVM) Hits New 12-Month High – Here’s Why

Silvercorp Metals Inc. (TSE:SVM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$19.57 and last traded at C$19.52, with a volume of 503606 shares traded. The stock had previously closed at C$17.75.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SVM shares. Roth Mkm lowered shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. BMO Capital Markets upped their target price on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$15.25.

Silvercorp Metals Price Performance

The company has a debt-to-equity ratio of 16.17, a current ratio of 1.24 and a quick ratio of 4.43. The firm has a market capitalization of C$4.09 billion, a P/E ratio of -205.56, a P/E/G ratio of 0.03 and a beta of 2.67. The firm’s 50 day simple moving average is C$15.95 and its two-hundred day simple moving average is C$13.50.

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. The business had revenue of C$173.10 million during the quarter. Silvercorp Metals had a negative net margin of 4.57% and a negative return on equity of 2.33%. As a group, analysts predict that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current 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.