Silvercorp Metals (NYSEAMERICAN:SVM) issued its quarterly earnings data on Thursday. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03, Fidelity Earnings reports. The business had revenue of $49.89 million during the quarter, compared to analyst estimates of $44.40 million.
SVM traded up $0.04 on Friday, hitting $4.20. 1,276,700 shares of the company were exchanged, compared to its average volume of 695,323. Silvercorp Metals has a twelve month low of $1.83 and a twelve month high of $4.66.
A number of analysts have recently issued reports on SVM shares. Zacks Investment Research lowered Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. TheStreet upgraded Silvercorp Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets downgraded Silvercorp Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 11th.
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
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