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

Silvercorp Metals Inc. (TSE:SVM) passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$16.17 and traded as low as C$15.04. Silvercorp Metals shares last traded at C$15.11, with a volume of 390,553 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Roth Capital raised shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$17.50.

Silvercorp Metals Stock Down 0.2%

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 company has a market cap of C$3.34 billion, a P/E ratio of 137.09, a price-to-earnings-growth ratio of 0.03 and a beta of 2.75. The company has a fifty day moving average of C$16.20 and a 200 day moving average of C$15.87.

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