Stocks To Watch: Silvercorp Metals Inc. [NYSE: SVM] closed Tuesday’s session with gains of 11.78%. This marked a continuation of the month-long Bull Run for the precious metals company. In the last month, the stock has gained by 28% in spite of turbulence in the equity markets. Recently, the company released its Q1 earnings and they beat analyst expectations. The company reported roughly an EPS of $0.07 against analyst expectations of $0.05. Revenues stood at $45.58 million, a figure that beat analyst expectations by 0.17%.
With Q1 results behind it, investors can now look forward to this stock’s performance going forward. Currently, the consensus estimate for this stock for the coming quarter an EPS of $0.05, and revenues of $47.20 million. For the fiscal year, the consensus estimate stands at $0.18 against revenue expectations of $175.30 million. The company is in Zack’s Mining –Miscellaneous category, a category that now ranks in the top 33% of Zack’s industry ranking.
In the yesterday’s trading session, SVM closed higher than the previous session on volume of 3.23 million shares. In the day, it made highs of $4.46 and lows of $4.07 before closing the day at $4.46. At the close of the day, the company had a market cap of about $740 million. Its chart pattern also indicates a possible continuation of the bullish trend. The stock has been in a bull trend since July, and has been forming higher lows since then.
It’s an indicator that bullish momentum is still strong in this stock. That’s considering that the major indexes closed yesterday’s trading in the red. The S&P 500 closed the day down by 0.20%, the Dow by 0.25%, and the NASDAQ by 0.28%. If it holds this momentum when markets open, it could be a bullish day.