Silvercorp Metals (TSE:SVM) Hits New 1-Year High – What’s Next?
by Doug Wharley · The Cerbat GemShares of Silvercorp Metals Inc. (TSE:SVM – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$12.61 and last traded at C$12.37, with a volume of 908409 shares changing hands. The stock had previously closed at C$11.45.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SVM. Cormark raised Silvercorp Metals to a “moderate buy” rating in a research report on Thursday, September 25th. BMO Capital Markets boosted their target price on Silvercorp Metals from C$10.00 to C$12.00 in a research note on Thursday, October 16th. Finally, Canaccord Genuity Group upped their price target on Silvercorp Metals from C$9.50 to C$13.00 in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$12.50.
View Our Latest Research Report on SVM
Silvercorp Metals Price Performance
The firm has a market capitalization of C$2.75 billion, a price-to-earnings ratio of 113.27, a price-to-earnings-growth ratio of 0.03 and a beta of 2.07. The stock’s fifty day moving average price is C$10.62 and its two-hundred day moving average price is C$8.44. The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18.
Silvercorp Metals (TSE:SVM – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. Silvercorp Metals had a net margin of 23.07% and a return on equity of 9.91%. The firm had revenue of C$116.03 million during the quarter. Equities research analysts expect that Silvercorp Metals Inc. will post 0.5394046 EPS for the current year.
Insider Activity at Silvercorp Metals
In other news, Director Yikang Liu sold 9,999 shares of the stock in a transaction dated 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 transaction, the director owned 113,333 shares in the company, valued at approximately C$1,341,862.72. This represents a 8.11% decrease in their position. 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.