Silvercorp Metals (TSE:SVM) Stock Price Up 2.1% – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SVM shares. 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 upped their price objective on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research report 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$15.25.

Silvercorp Metals Stock Up 2.1%

The stock has a 50-day moving average of C$15.52 and a 200 day moving average of C$12.79. The company has a market capitalization of C$3.83 billion, a PE ratio of -192.56, a P/E/G 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) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.30 earnings per share for the quarter. The business had revenue of C$173.10 million for the quarter. Silvercorp Metals had a negative return on equity of 2.33% and a negative net margin of 4.57%. Sell-side analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 EPS for the current year.

About Silvercorp Metals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.