Silvercorp Metals Inc. found using ticker (SVM) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 3.8 and 3.25 with the average target price sitting at 3.52. Given that the stocks previous close was at 7.47 this is indicating there is a potential downside of -52.9%. There is a 50 day moving average of 7.33 while the 200 day moving average is 6.41. The market capitalisation for the company is $1,276m. Company Website: http://www.silvercorpmetals.com
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 interest in Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China; and GC silver-lead-zinc mine in Guangdong Province, China. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.