Silvercorp Metals (TSE:SVM) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Silvercorp Metals Inc. (TSE:SVM)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$15.49 and traded as high as C$15.75. Silvercorp Metals shares last traded at C$14.85, with a volume of 1,380,553 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Roth Mkm downgraded Silvercorp Metals from a “buy” rating to a “hold” rating in a report on Tuesday, January 20th. BMO Capital Markets boosted their price objective on Silvercorp Metals from C$13.00 to C$17.50 in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Silvercorp Metals has an average rating of “Moderate Buy” and a consensus target price of C$15.25.

Silvercorp Metals Stock Performance

The company has a market capitalization of C$3.28 billion, a price-to-earnings ratio of -165.00, a price-to-earnings-growth ratio of 0.03 and a beta of 2.33. The company has a current ratio of 1.24, a quick ratio of 4.43 and a debt-to-equity ratio of 16.17. The stock has a 50-day simple moving average of C$15.49 and a 200-day simple moving average of C$11.50.

Silvercorp Metals (TSE:SVM) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$0.30 earnings per share (EPS) for the quarter. The business had revenue of C$173.10 million during the quarter. Silvercorp Metals had a negative net margin of 4.57% and a negative return on equity of 2.33%. On average, analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Yikang Liu sold 9,999 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of C$11.84, for a total value of C$118,388.16. Following the completion of the sale, the director owned 113,333 shares of the company’s stock, valued at approximately C$1,341,862.72. The trade was a 8.11% decrease in their position. 3.67% of the stock is currently owned by corporate insiders.

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.