Silvercorp Metals (TSE:SVM) Reaches New 52-Week High at $5.54

Silvercorp Metals Inc. (TSE:SVMGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$5.54 and last traded at C$5.45, with a volume of 474639 shares trading hands. The stock had previously closed at C$5.36.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SVM. BMO Capital Markets upped their price target on Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday, April 25th. Raymond James upped their price target on Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday, April 23rd. Finally, Canaccord Genuity Group dropped their price objective on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th.

Check Out Our Latest Stock Report on Silvercorp Metals

Silvercorp Metals Price Performance

The firm has a market capitalization of C$933.61 million, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 0.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.43 and a current ratio of 3.73. The business has a 50 day simple moving average of C$4.74 and a two-hundred day simple moving average of C$3.85.

Insider Activity

In other news, Director Rui Feng sold 40,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total transaction of C$207,200.00. In related news, Director Rui Feng sold 40,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total transaction of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. Corporate insiders own 4.33% of the company’s stock.

Silvercorp Metals Company Profile

(Get Free Report)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.

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