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Silvercorp Metals Crumbles: SVM Falls 5.0%

Zacks Equity Research

Silvercorp Metals Inc. (SVM) saw a big move in the last trading session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SVM as the stock is now down nearly 32% since Feb 13.

The company, engaged in mining of precious and base metal mineral properties in China, has not seen any estimate revisions over the past month, and the earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

SVM currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Mining industry may consider better-ranked stocks like BHP Billiton Limited (BHP), Denison Mines Corp. (DNN) and Golden Minerals Company (AUMN). While BHP Billiton holds a Zacks Rank #1 (Strong Buy), Denison and Golden Minerals carry a Zacks Rank #2 (Buy).

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SILVERCORP METALS INC (SVM): Free Stock Analysis Report

DENISON MINES CORP (DNN): Free Stock Analysis Report

BHP BILLITON LTD (BHP): Free Stock Analysis Report

GOLDEN MINERALS CO (AUMN): Free Stock Analysis Report

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