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).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
GOLDEN MINERALS AUMN: Free Stock Analysis Report
BHP BILLITN LTD BHP: Free Stock Analysis Report
DENISON MINES DNN: Free Stock Analysis Report
SILVERCORP METL SVM: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
