Silvercorp Metals (TSE:SVM) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Roth Capital raised 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. According to MarketBeat, Silvercorp Metals currently has an average rating of “Strong Buy” and an average target price of C$15.25.

Silvercorp Metals Stock Down 5.0%

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 firm’s fifty day simple moving average is C$14.95 and its 200 day simple moving average is C$15.82. The stock has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 161.00, a P/E/G ratio of 0.03 and a beta of 2.69.

Silvercorp Metals (TSE:SVM) last announced its earnings results on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$197.01 million during the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. On average, sell-side analysts forecast 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.