Silvercorp Metals (TSE:SVM) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Silvercorp Metals Inc. (TSE:SVM)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$15.13 and traded as low as C$13.32. Silvercorp Metals shares last traded at C$13.76, with a volume of 611,122 shares.

Analyst Upgrades and Downgrades

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 issued a Buy rating to the stock. According to MarketBeat.com, Silvercorp Metals currently has a consensus rating of “Strong Buy” and a consensus price target of C$15.25.

Silvercorp Metals Trading Up 1.1%

The firm’s 50-day simple moving average is C$15.13 and its 200 day simple moving average is C$15.65. The stock has a market cap of C$3.04 billion, a P/E ratio of -275.20, a PEG ratio of 0.03 and a beta of 2.72. The company has a current ratio of 3.58, a quick ratio of 4.43 and a debt-to-equity ratio of 12.58.

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

About Silvercorp Metals

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