Silvercorp Metals (TSE:SVM) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Silvercorp Metals Inc. (TSE:SVM) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Analyst Ratings Changes

Separately, Roth Capital raised shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average target price of C$15.25.

Silvercorp Metals Stock Up 0.2%

The company has a debt-to-equity ratio of 12.00, a quick ratio of 4.43 and a current ratio of 3.51. The company has a market cap of C$3.85 billion, a price-to-earnings ratio of 158.36, a price-to-earnings-growth ratio of 0.03 and a beta of 2.69. The business has a 50-day simple moving average of C$14.80 and a 200-day simple moving average of C$15.67.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data 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 business had revenue of C$197.01 million during the quarter. On average, equities analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current fiscal 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.