Silvercorp Metals (TSE:SVM) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Silvercorp Metals Inc. (TSE:SVM) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$14.95 and traded as high as C$18.91. Silvercorp Metals shares last traded at C$17.71, with a volume of 1,019,828 shares.

Wall Street Analyst Weigh In

Separately, Roth Capital upgraded shares of 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 issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus target price of C$15.25.

Silvercorp Metals Stock Performance

The stock has a market cap of C$3.92 billion, a PE ratio of 161.00, a P/E/G ratio of 0.03 and a beta of 2.69. The company has a quick ratio of 4.43, a current ratio of 3.51 and a debt-to-equity ratio of 12.00. The stock has a 50-day moving average of C$14.95 and a 200 day moving average of C$15.82.

Silvercorp Metals (TSE:SVM) last posted its earnings results on Tuesday, August 11th. The company reported C$0.30 earnings per share (EPS) for the quarter. The company had revenue of C$197.01 million during the quarter. Silvercorp Metals had a return on equity of 3.57% and a net margin of 6.12%. Equities analysts predict that Silvercorp Metals Inc. will post 0.5394046 EPS for the current fiscal 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.