Silvercorp Metals (TSE:SVM) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Silvercorp Metals Inc. (TSE:SVM – Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$15.92 and traded as low as C$11.94. Silvercorp Metals shares last traded at C$12.52, with a volume of 1,512,859 shares trading hands.

Analyst Ratings Changes

Separately, Roth Capital raised Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of C$15.25.

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Silvercorp Metals Price Performance

The company has a debt-to-equity ratio of 12.58, a quick ratio of 4.43 and a current ratio of 3.58. The company has a market capitalization of C$2.77 billion, a P/E ratio of -250.40, a P/E/G ratio of 0.03 and a beta of 2.72. The firm’s fifty day moving average is C$15.92 and its 200 day moving average is C$15.55.

Silvercorp Metals (TSE:SVM – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$0.38 earnings per share (EPS) for the quarter. Silvercorp Metals had a negative net margin of 2.25% and a negative return on equity of 1.27%. The business had revenue of C$210.03 million during the quarter. As a group, analysts predict that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current fiscal year.

Silvercorp Metals Company Profile

(Get Free Report)

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.

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