Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,040,000 shares, an increase of 23.6% from the July 31st total of 2,460,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is currently 2.0 days.
Silvercorp Metals Price Performance
Shares of Silvercorp Metals stock opened at $3.79 on Friday. Silvercorp Metals has a one year low of $2.08 and a one year high of $4.39. The stock has a market capitalization of $820.54 million, a P/E ratio of 14.04 and a beta of 1.26.
Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. The firm had revenue of $72.17 million during the quarter, compared to the consensus estimate of $72.00 million. Analysts expect that Silvercorp Metals will post 0.23 EPS for the current fiscal year.
Institutional Trading of Silvercorp Metals
Analyst Ratings Changes
Separately, Roth Mkm decreased their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a research note on Wednesday, August 21st.
Read Our Latest Research Report on Silvercorp Metals
About Silvercorp Metals
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.
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