Silvercorp Metals (TSE:SVM) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Silvercorp Metals Inc. (TSE:SVM) passed above its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Wall Street Analyst Weigh In

Separately, Roth Capital upgraded Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, Silvercorp Metals has a consensus rating of “Strong Buy” and an average price target of C$15.25.

Silvercorp Metals Price Performance

The firm has a fifty day moving average price of C$14.82 and a two-hundred day moving average price of C$15.68. The stock has a market capitalization of C$3.82 billion, a P/E ratio of 156.82, a P/E/G ratio of 0.03 and a beta of 2.69. The company has a quick ratio of 4.43, a current ratio of 3.51 and a debt-to-equity ratio of 12.00.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.30 EPS for the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. The firm had revenue of C$197.01 million for the quarter. On average, analysts expect 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.