Silvercorp Metals (TSE:SVM) Share Price Passes Above 50 Day Moving Average of $4.95

Silvercorp Metals Inc. (TSE:SVM) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$4.95 and traded as high as C$5.65. Silvercorp Metals shares last traded at C$5.56, with a volume of 587,623 shares trading hands.

Analyst Ratings Changes

SVM has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on Silvercorp Metals from C$6.00 to C$7.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 7th. Eight Capital upped their target price on Silvercorp Metals from C$6.20 to C$7.00 in a research note on Thursday, July 11th. Finally, Raymond James increased their price target on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research report on Thursday, August 1st.

Silvercorp Metals Stock Performance

The company has a market cap of C$1.20 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.03 and a beta of 1.13. The business has a 50 day moving average price of C$4.95 and a two-hundred day moving average price of C$4.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.04. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. The firm had revenue of C$98.74 million during the quarter, compared to the consensus estimate of C$98.53 million. On average, sell-side analysts anticipate that Silvercorp Metals Inc. will post 0.4059754 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Derek Zhihua Liu sold 52,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$5.32, for a total transaction of C$279,247.50. Insiders own 3.70% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.