Silvercorp Metals Inc. (TSE:SVM) Expected to Earn FY2024 Earnings of $0.26 Per Share

Silvercorp Metals Inc. (TSE:SVM) – Equities researchers at Raymond James lifted their FY2024 earnings estimates for Silvercorp Metals in a note issued to investors on Monday, April 22nd. Raymond James analyst C. Stanley now anticipates that the company will earn $0.26 per share for the year, up from their previous estimate of $0.23. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.35 per share.

SVM has been the subject of several other reports. Canaccord Genuity Group decreased their price target on shares of Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday. BMO Capital Markets set a C$5.00 price objective on shares of Silvercorp Metals and gave the company an “outperform” rating in a research report on Wednesday, February 21st.

Silvercorp Metals Stock Down 2.5 %

Shares of Silvercorp Metals stock opened at C$4.72 on Thursday. The stock has a market cap of C$834.59 million, a price-to-earnings ratio of 20.52, a PEG ratio of 0.03 and a beta of 0.91. The firm’s 50-day moving average is C$4.11 and its two-hundred day moving average is C$3.59. Silvercorp Metals has a 1 year low of C$2.88 and a 1 year high of C$5.47. 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 (TSE:SVM) last issued its earnings results on Thursday, February 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of C$79.66 million for the quarter, compared to analysts’ expectations of C$74.39 million.

Insider Buying and Selling at Silvercorp Metals

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