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

Silvercorp Metals Inc. (TSE:SVM) shares reached a new 52-week high on Wednesday . The stock 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 Analysts Forecast Growth

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

Silvercorp Metals Price Performance

The stock has a market cap of C$4.53 billion, a P/E ratio of -227.67, a PEG ratio of 0.03 and a beta of 2.67. 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 business’s fifty day moving average price is C$16.15 and its 200 day moving average price is C$13.90.

Silvercorp Metals (TSE:SVM) last posted its earnings results on Tuesday, February 10th. The company reported C$0.30 EPS for the quarter. The firm 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%. Sell-side analysts forecast 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.