Silvercorp Metals Inc. (TSE:SVM – Get Free Report)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.61 and traded as low as C$14.00. Silvercorp Metals shares last traded at C$14.28, with a volume of 1,836,783 shares changing hands.
Analyst Ratings Changes
SVM has been the topic of several research reports. BMO Capital Markets raised their target price on Silvercorp Metals from C$13.00 to C$17.50 in a research report on Friday, January 16th. Roth Mkm lowered shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$15.25.
Silvercorp Metals Stock Up 6.5%
Silvercorp Metals (TSE:SVM – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.30 EPS for the quarter. Silvercorp Metals had a negative return on equity of 2.33% and a negative net margin of 4.57%.The firm had revenue of C$173.10 million during the quarter. On average, equities research analysts expect that Silvercorp Metals Inc. will post 0.5394046 EPS for the current fiscal year.
Insider Transactions at Silvercorp Metals
In other Silvercorp Metals news, Director Yikang Liu sold 9,999 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total value of C$118,388.16. Following the completion of the sale, the director owned 113,333 shares in the company, valued at C$1,341,862.72. This represents a 8.11% decrease in their ownership of the stock. Corporate insiders own 3.67% of the company’s stock.
About Silvercorp Metals
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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