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

Silvercorp Metals Inc. (TSE:SVM) – Analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for shares of Silvercorp Metals in a report issued on Wednesday, April 24th. Roth Capital analyst J. Reagor now anticipates that the company will earn $0.27 per share for the year, down from their previous estimate 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 brokerages also recently weighed in on SVM. Raymond James upped their price objective on Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday. Canaccord Genuity Group dropped their price objective on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets upped their price objective on Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday.

Silvercorp Metals Price Performance

Shares of SVM stock opened at C$4.52 on Friday. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. Silvercorp Metals has a twelve month low of C$2.88 and a twelve month high of C$5.47. The company has a market cap of C$799.23 million, a P/E ratio of 19.65, a P/E/G ratio of 0.03 and a beta of 0.91. The business has a fifty day simple moving average of C$4.18 and a 200 day simple moving average of C$3.61.

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

Insider Activity

In other news, Director Rui Feng sold 40,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total value of C$207,200.00. In related news, Director Yikang Liu sold 15,167 shares of the firm’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. Also, Director Rui Feng sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total value of C$207,200.00. Insiders own 4.38% of the company’s stock.

Silvercorp Metals Company Profile

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.