Silvercorp Metals Inc. with ticker code (SVM) now have 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. Now with the previous closing price of 7.47 this would imply there is a potential downside of -52.9%. The 50 day moving average now sits at 7.33 and the 200 day MA is 6.41. The company has a market cap of $1,276m. Company Website: http://www.silvercorpmetals.com
The potential market cap would be $601m based on the market concensus.
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.
