Canada markets closed

Silvercorp (SVM) Soars: Stock Adds 8.8% in Session

Zacks Equity Research

Silvercorp Metals Inc. SVM was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 24% in the past one-month time frame.

The company has seen no estimate revisions over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Silvercorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Silvercorp Metals Inc. Price

Silvercorp Metals Inc. Price

Silvercorp Metals Inc. price | Silvercorp Metals Inc. Quote


A better-ranked stock in the Basic Materials sector is Alumina Ltd AWCMY, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>
 


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
 
Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report
 
Alumina Ltd. (AWCMY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research