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
Investors interested in the Mining industry may consider better-ranked stocks like BHP Billiton Limited
), Denison Mines Corp.
) and Golden Minerals Company
). While BHP Billiton holds a Zacks Rank #1 (Strong Buy), Denison and Golden Minerals carry a Zacks Rank #2 (Buy).
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. Click to get this free report >>GOLDEN MINERALS (AUMN): Free Stock Analysis ReportBHP BILLITN LTD (BHP): Free Stock Analysis ReportDENISON MINES (DNN): Free Stock Analysis ReportSILVERCORP METL (SVM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research