Silvercorp Metals Inc. (TSE:SVM) Forecasted to Post FY2024 Earnings of $0.27 Per Share

Silvercorp Metals Inc. (TSE:SVM) – Stock analysts at Roth Capital dropped their FY2024 earnings estimates for shares of Silvercorp Metals in a note issued to investors on Wednesday, April 24th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $0.27 per share for the year, down from their prior forecast of $0.28. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.35 per share. Roth Capital also issued estimates for Silvercorp Metals’ Q4 2024 earnings at $0.03 EPS and FY2025 earnings at $0.38 EPS.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday. Raymond James lifted their target price on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday. Finally, Canaccord Genuity Group dropped their target price on shares of Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Wednesday.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at C$4.52 on Friday. The firm’s 50 day simple moving average is C$4.18 and its 200-day simple moving average is C$3.61. The company has a market cap of C$799.23 million, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 4.43. Silvercorp Metals has a fifty-two week low of C$2.88 and a fifty-two week high of C$5.47.

Silvercorp Metals (TSE:SVM) last released its earnings results on Thursday, February 8th. The company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. The business had revenue of C$79.66 million for the quarter, compared to the consensus estimate of C$74.39 million.

Insider Activity at Silvercorp Metals

In other Silvercorp Metals news, Director Rui Feng sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. In other Silvercorp Metals news, Director Rui Feng sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total transaction of C$61,053.24. 4.38% of the stock is currently owned by insiders.

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.