SilvercorpLithium is currently the star of the mining industry. Its extensive use in battery cells has led to huge gains for producers. However, alternative investors can find similar strength in silver, a precious metal that is used to develop and enable many of today’s emerging technologies.

Silvercorp Metals Inc. (NYSE: SVM) is a Canadian mining company with operations in North America and China. It is a major silver producer with minority interests in other natural resources. Shares in the company have performed well this year, with price increasing 10% since January. The stock pays a moderate dividend and receives an average BUY rating from analysts recorded on FactSet.

Sales revenue has increased for three consecutive years. In the company’s 2019 fiscal year, revenue was up 2.50% while gross income decreased -3.44%. Despite the dip in profit, the company is still operating at a margin of 47.77%, a good figure for the costly mining industry.

Silver is used to produce solar panels, electronics, medical equipment, and the LED lights used in televisions, smartphones, and other display technologies. The demand for silver is expected to increase as technology advances, making Silvercorp an interesting pick for long-term alternative investors.

Silvercorp also extracts and processes significant quantities of zinc, a resource which has been used to develop hi-tech battery cells which could compete with lithium in the near future. The bargain price on this stock allows investors to get in from the ground up as the company continues to grow.

Key Data:

  • 1 Year Price Growth: -16.00%
  • YTD Price Growth: 00%
  • 3 Month Price Growth: -9.06%

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