Stock Rating Upgrade
The Value Trend Rating for Silvercorp Metals Inc (NYSEAMERICAN: SVM) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Silvercorp Metals Inc (NYSEAMERICAN: SVM) stock increased 1.3% on 4/8/24. The shares closed at $3.83. Moreover, this advance was accompanied by unusually high trading volume at 158% of normal. The stock has performed in line with the market over the last nine months and has risen 17.5% during the last week.
Current PriceTarget Research Rating
SVM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Silvercorp Metals has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Silvercorp Metals has a neutral Appreciation Score of 54 and a neutral Power Rating of 43, producing the Low Neutral Value Trend Rating.
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