FY2024 EPS Estimates for Silvercorp Metals Inc. Raised by Raymond James (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Raymond James raised their FY2024 earnings estimates for Silvercorp Metals in a research note issued on Monday, April 22nd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.19 for the year, up from their prior forecast of $0.17. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.19 per share.

Separately, Roth Mkm dropped their price objective on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Wednesday.

Silvercorp Metals Price Performance

SVM stock opened at $3.55 on Thursday. Silvercorp Metals has a 12-month low of $2.08 and a 12-month high of $3.98. The company has a market cap of $629.45 million, a PE ratio of 20.88 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. The firm had revenue of $58.51 million during the quarter, compared to the consensus estimate of $55.10 million.

Institutional Trading of Silvercorp Metals

Hedge funds and other institutional investors have recently bought and sold shares of the company. PFG Investments LLC acquired a new position in shares of Silvercorp Metals in the 1st quarter valued at $40,000. Evergreen Capital Management LLC acquired a new position in Silvercorp Metals in the 3rd quarter worth $39,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Silvercorp Metals by 34.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after buying an additional 4,855 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of Silvercorp Metals in the 3rd quarter worth about $46,000. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Silvercorp Metals by 77.3% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after purchasing an additional 11,546 shares during the last quarter. 22.30% of the stock is owned by hedge funds and other institutional investors.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.