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

Silvercorp Metals Inc. (TSE:SVM) shares 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.

Wall Street Analysts Forecast Growth

Separately, Roth Capital upgraded Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One 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, the company currently has an average rating of “Strong Buy” and a consensus price target of C$15.25.

Silvercorp Metals Stock Down 0.5%

The company has a current ratio of 3.58, a quick ratio of 4.43 and a debt-to-equity ratio of 12.58. The firm’s fifty day moving average price is C$14.63 and its 200-day moving average price is C$15.66. The company has a market cap of C$3.35 billion, a price-to-earnings ratio of -303.20, a price-to-earnings-growth ratio of 0.03 and a beta of 2.69.

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%. Sell-side analysts predict 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.