Shares of Silvercorp Metals Inc. (TSE:SVM – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$14.80 and traded as high as C$17.78. Silvercorp Metals shares last traded at C$17.42, with a volume of 794,390 shares changing hands.
Analysts Set New Price Targets
Separately, Roth Capital upgraded Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One investment 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, Silvercorp Metals has an average rating of “Strong Buy” and an average target price of C$15.25.
Check Out Our Latest Stock Analysis on SVM
Silvercorp Metals Price Performance
Silvercorp Metals (TSE:SVM – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported C$0.30 earnings per share (EPS) for the quarter. Silvercorp Metals had a return on equity of 3.57% and a net margin of 6.12%.The company had revenue of C$197.01 million for the quarter. On average, equities analysts predict that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.
Silvercorp Metals Company Profile
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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