Silvercorp Metals (TSE:SVM) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Silvercorp Metals Inc. (TSE:SVM)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$15.92 and traded as low as C$11.94. Silvercorp Metals shares last traded at C$12.52, with a volume of 1,512,859 shares.

Wall Street Analyst Weigh In

Separately, Roth Capital upgraded Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, Silvercorp Metals presently has a consensus rating of “Strong Buy” and a consensus price target of C$15.25.

Silvercorp Metals Trading Up 0.9%

The company has a current ratio of 3.58, a quick ratio of 4.43 and a debt-to-equity ratio of 12.58. The firm has a 50-day moving average price of C$15.92 and a 200-day moving average price of C$15.55. The company has a market capitalization of C$2.77 billion, a price-to-earnings ratio of -250.40, a PEG ratio of 0.03 and a beta of 2.72.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$0.38 earnings per share (EPS) for the quarter. Silvercorp Metals had a negative net margin of 2.25% and a negative return on equity of 1.27%. The company had revenue of C$210.03 million for the quarter. As a group, sell-side 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.