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

Shares of Silvercorp Metals Inc. (TSE:SVM) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$14.70 and traded as low as C$13.73. Silvercorp Metals shares last traded at C$14.36, with a volume of 683,413 shares.

Analyst Ratings Changes

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

Silvercorp Metals Trading Up 10.2%

The company has a 50 day moving average of C$14.70 and a 200 day moving average of C$15.66. 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 market cap of C$3.18 billion, a price-to-earnings ratio of -287.20, a price-to-earnings-growth ratio of 0.03 and a beta of 2.72.

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