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

Silvercorp Metals Inc. (TSE:SVM)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$14.70 and traded as low as C$13.73. Silvercorp Metals shares last traded at C$14.36, with a volume of 683,413 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 research note 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 company’s stock. Based on data from MarketBeat.com, Silvercorp Metals presently has a consensus rating of “Strong Buy” and a consensus price target of C$15.25.

Silvercorp Metals Stock Performance

The company has a debt-to-equity ratio of 12.58, a current ratio of 3.58 and a quick ratio of 4.43. The company has a market capitalization of C$3.18 billion, a price-to-earnings ratio of -287.20, a PEG ratio of 0.03 and a beta of 2.72. The firm’s fifty day simple moving average is C$14.70 and its 200 day simple moving average is C$15.66.

Silvercorp Metals (TSE:SVM) last announced its earnings results on Wednesday, May 27th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$210.03 million for the quarter. Silvercorp Metals had a negative net margin of 2.25% and a negative return on equity of 1.27%. On average, sell-side analysts forecast that Silvercorp Metals Inc. will post 0.5394046 EPS for the current 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.