Silvercorp Metals (TSE:SVM) Stock Passes Below 200 Day Moving Average – Should You Sell?

Silvercorp Metals Inc. (TSE:SVM)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.46 and traded as low as C$14.56. Silvercorp Metals shares last traded at C$14.79, with a volume of 227,802 shares traded.

Analyst Ratings Changes

Separately, Roth Mkm 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 given a Buy rating to the company. According to MarketBeat.com, Silvercorp Metals presently has an average rating of “Strong Buy” and a consensus target price of C$15.25.

Silvercorp Metals Stock Performance

The stock has a fifty day moving average of C$16.68 and a 200-day moving average of C$15.46. The firm has a market capitalization of C$3.27 billion, a P/E ratio of -295.80, a P/E/G ratio of 0.03 and a beta of 2.57. The company has a quick ratio of 4.43, a current ratio of 3.58 and a debt-to-equity ratio of 12.58.

Silvercorp Metals (TSE:SVM) last released its earnings results on Wednesday, May 27th. The company reported C$0.38 EPS for the quarter. Silvercorp Metals had a negative return on equity of 1.27% and a negative net margin of 2.25%.The firm had revenue of C$210.03 million for the quarter. On average, research analysts anticipate 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.