Silvercorp Metals (TSE:SVM) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Silvercorp Metals Inc. (TSE:SVM) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$15.13 and traded as low as C$13.32. Silvercorp Metals shares last traded at C$13.76, with a volume of 611,122 shares trading hands.

Wall Street Analyst Weigh In

Separately, Roth Capital raised shares of 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 assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of C$15.25.

Silvercorp Metals Stock Down 3.3%

The business has a 50 day moving average of C$14.97 and a two-hundred day moving average of C$15.66. The stock has a market capitalization of C$2.84 billion, a PE ratio of -256.60, a PEG ratio of 0.03 and a beta of 2.72. The company has a debt-to-equity ratio of 12.58, a quick ratio of 4.43 and a current ratio of 3.58.

Silvercorp Metals (TSE:SVM) last posted its earnings results on Wednesday, May 27th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$210.03 million for the quarter. Silvercorp Metals had a negative return on equity of 1.27% and a negative net margin of 2.25%. Analysts predict 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.