Silvercorp Metals (TSE:SVM) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Technical move: Silvercorp Metals (TSE:SVM) crossed above its 50‑day moving average (50‑day MA C$15.92), trading as high as C$16.72 and last at C$16.65 on volume of 631,762 shares.
• Mixed analyst sentiment: BMO raised its target price to C$17.50 while Roth MKM cut the rating to Hold, leaving a consensus rating of “Moderate Buy” and an average target of C$15.25.
• Recent financials: Market cap is C$3.68 billion, the 200‑day MA is C$13.29, trailing P/E is negative (‑185), the company reported quarterly EPS of C$0.30 on C$173.1M revenue but has a negative net margin (‑4.57%) and negative ROE; analysts expect ~0.54 EPS for the fiscal year.

Silvercorp Metals Inc. (TSE:SVM - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$15.92 and traded as high as C$16.72. Silvercorp Metals shares last traded at C$16.65, with a volume of 631,762 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Roth Mkm lowered shares of Silvercorp Metals from a "buy" rating to a "hold" rating in a research report on Tuesday, January 20th. BMO Capital Markets lifted their target price on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$15.25.

Silvercorp Metals Trading Up 2.0%

The company's 50-day moving average price is C$15.92 and its 200-day moving average price is C$13.29. The firm has a market cap of C$3.68 billion, a price-to-earnings ratio of -185.00, a price-to-earnings-growth ratio of 0.03 and a beta of 2.56. The company has a quick ratio of 4.43, a current ratio of 1.24 and a debt-to-equity ratio of 16.17.

Silvercorp Metals (TSE:SVM - Get Free Report) last announced its 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 for the quarter. Silvercorp Metals had a negative net margin of 4.57% and a negative return on equity of 2.33%. Equities analysts expect that Silvercorp Metals Inc. will post 0.5394046 EPS for the current fiscal 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.

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