Raymond James Weighs in on Silvercorp Metals Inc.’s FY2024 Earnings (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Equities researchers at Raymond James lifted their FY2024 EPS estimates for Silvercorp Metals in a research note issued to investors on Monday, April 22nd. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $0.19 per share 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 cut their price target on Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating for the company in a report on Wednesday.

Silvercorp Metals Stock Performance

SVM opened at $3.46 on Thursday. Silvercorp Metals has a fifty-two week low of $2.08 and a fifty-two week high of $3.98. The firm has a market cap of $612.61 million, a price-to-earnings ratio of 20.32 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $55.10 million.

Institutional Trading of Silvercorp Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVM. Evergreen Capital Management LLC bought a new stake in shares of Silvercorp Metals in the 3rd quarter valued at about $39,000. PFG Investments LLC bought a new stake in shares of Silvercorp Metals in the 1st quarter valued at about $40,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Silvercorp Metals by 34.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock valued at $44,000 after acquiring an additional 4,855 shares during the last quarter. PEAK6 Investments LLC bought a new stake in shares of Silvercorp Metals in the 3rd quarter valued at about $46,000. Finally, Dynamic Technology Lab Private Ltd increased its stake 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 valued at $70,000 after acquiring an additional 11,546 shares during the last quarter. 22.30% of the stock is owned by 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.