Silvercorp Metals (TSE:SVM) Stock Price Up 2.1% - Here's Why

Key Points

• Silvercorp Metals shares rose 2.1% mid-day to C$17.33 (intraday high C$17.78) on about 890,377 shares traded, roughly 36% below its average daily volume.
• Analysts are mixed: BMO raised its price target to C$17.50 while Roth MKM cut the stock to a "hold"; consensus is a Moderate Buy with an average target of C$15.25.
• The company reported quarterly EPS of C$0.30 on C$173.1M revenue but showed a negative net margin (-4.57%) and negative ROE (-2.33%), alongside a negative P/E (-192.56), signaling profitability concerns despite revenue.

Silvercorp Metals Inc. (TSE:SVM - Get Free Report) rose 2.1% during mid-day trading on Thursday . The stock traded as high as C$17.78 and last traded at C$17.33. Approximately 890,377 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 1,397,958 shares. The stock had previously closed at C$16.97.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Silvercorp Metals from C$13.00 to C$17.50 in a report on Friday, January 16th. Roth Mkm cut shares of Silvercorp Metals from a "buy" rating to a "hold" rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$15.25.

Silvercorp Metals Price Performance

The stock has a market capitalization of C$3.83 billion, a P/E ratio of -192.56, a price-to-earnings-growth ratio of 0.03 and a beta of 2.56. The business has a fifty day simple moving average of C$15.52 and a 200 day simple moving average of C$12.79. The company has a current ratio of 1.24, a quick ratio of 4.43 and a debt-to-equity ratio of 16.17.

Silvercorp Metals (TSE:SVM - Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a negative return on equity of 2.33% and a negative net margin of 4.57%.The company had revenue of C$173.10 million for the quarter. On average, analysts expect that Silvercorp Metals Inc. will post 0.5394046 earnings per share 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.

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