Silvercorp Metals Inc. (TSE:SVM – Get Rating) reached a new 52-week high on Friday . The stock traded as high as C$5.02 and last traded at C$4.91, with a volume of 52827 shares changing hands. The stock had previously closed at C$4.92.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on SVM shares. Raymond James upped their price objective on Silvercorp Metals from C$6.15 to C$6.50 and gave the stock an "outperform" rating in a research note on Friday, February 10th. Pi Financial raised their target price on Silvercorp Metals from C$6.00 to C$6.75 in a research report on Tuesday, February 7th.
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The company has a market cap of C$864.41 million, a price-to-earnings ratio of 27.17, a PEG ratio of 0.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.43 and a current ratio of 4.77. The company has a 50-day simple moving average of C$4.37 and a 200-day simple moving average of C$3.90.
Silvercorp Metals (TSE:SVM – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The company reported C$0.09 earnings per share for the quarter, topping analysts' consensus estimates of C$0.08 by C$0.01. The company had revenue of C$79.63 million for the quarter, compared to analyst estimates of C$75.31 million. Silvercorp Metals had a return on equity of 4.22% and a net margin of 11.29%. As a group, research analysts predict that Silvercorp Metals Inc. will post 0.3212209 earnings per share for the current year.
Silvercorp Metals Company Profile
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Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.
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