Silvercorp Metals (NYSEAMERICAN:SVM) released its quarterly earnings results on Wednesday. The company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05, Fidelity Earnings reports. The company had revenue of $48.09 million during the quarter, compared to analysts’ expectations of $43.00 million.
Shares of Silvercorp Metals stock traded up $0.03 during trading on Friday, reaching $2.21. The company’s stock had a trading volume of 12,800 shares, compared to its average volume of 350,915. Silvercorp Metals has a 52-week low of $2.12 and a 52-week high of $3.12.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Silvercorp Metals from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. BMO Capital Markets reissued a “buy” rating on shares of Silvercorp Metals in a research note on Friday.
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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.
Further Reading: Earnings Per Share
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