Silvercorp Metals (SVM) Announces Quarterly Earnings Results

Silvercorp Metals (NYSEAMERICAN:SVM) posted its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02), Zacks reports. The business had revenue of $34.95 million for the quarter, compared to analysts’ expectations of $37.40 million.

Shares of NYSEAMERICAN SVM opened at $2.13 on Friday. Silvercorp Metals has a 1 year low of $1.83 and a 1 year high of $3.05.

SVM has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Silvercorp Metals from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Friday, March 22nd. TheStreet cut shares of Silvercorp Metals from a “b-” rating to a “c+” rating in a report on Monday, May 20th.

A hedge fund recently raised its stake in Silvercorp Metals stock. Geode Capital Management LLC increased its position in shares of Silvercorp Metals Inc (NYSEAMERICAN:SVM) by 172.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,101 shares of the company’s stock after purchasing an additional 17,800 shares during the quarter. Geode Capital Management LLC’s holdings in Silvercorp Metals were worth $58,000 as of its most recent SEC filing.

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About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.

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Earnings History for Silvercorp Metals (NYSEAMERICAN:SVM)

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