Equities Analysts Offer Predictions for Silvercorp Metals Inc.’s FY2024 Earnings (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Research analysts at Raymond James boosted their FY2024 EPS estimates for shares of 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 estimate of $0.17. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.19 per share.

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

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

Silvercorp Metals Price Performance

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

Hedge Funds Weigh In On Silvercorp Metals

A number of institutional investors and hedge funds have recently bought and sold shares of SVM. U S Global Investors Inc. boosted its stake in Silvercorp Metals by 367.1% during the first quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock worth $3,807,000 after buying an additional 917,700 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Silvercorp Metals in the 1st quarter valued at $40,000. Sprott Inc. boosted its stake in shares of Silvercorp Metals by 4.7% in the 4th quarter. Sprott Inc. now owns 994,445 shares of the company’s stock valued at $2,595,000 after purchasing an additional 44,754 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Silvercorp Metals in the 4th quarter valued at $119,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Silvercorp Metals by 77.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after buying an additional 11,546 shares during the last quarter. Institutional investors own 22.30% of the company’s stock.

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.