Silvercorp Metals (TSE:SVM) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Silvercorp Metals Inc. (TSE:SVM)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$15.61 and traded as low as C$14.00. Silvercorp Metals shares last traded at C$14.28, with a volume of 1,836,783 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SVM shares. BMO Capital Markets raised their target price on shares of Silvercorp Metals from C$13.00 to C$17.50 in a research note on Friday, January 16th. Roth Mkm cut shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Silvercorp Metals has a consensus rating of “Moderate Buy” and a consensus target price of C$15.25.

Silvercorp Metals Trading Up 6.5%

The stock has a fifty day simple moving average of C$15.61 and a 200 day simple moving average of C$11.93. The firm has a market capitalization of C$3.15 billion, a P/E ratio of -158.67, a PEG ratio of 0.03 and a beta of 2.33. 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 released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a negative return on equity of 2.33% and a negative net margin of 4.57%.The firm had revenue of C$173.10 million during the quarter. As a group, research analysts forecast that Silvercorp Metals Inc. will post 0.5394046 EPS for the current year.

Insiders Place Their Bets

In other Silvercorp Metals news, Director Yikang Liu sold 9,999 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$11.84, for a total value of C$118,388.16. Following the completion of the transaction, the director directly owned 113,333 shares in the company, valued at C$1,341,862.72. This represents a 8.11% decrease in their position. 3.67% of the stock is owned by insiders.

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.