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

Silvercorp Metals Inc. (TSE:SVM) – Analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for Silvercorp Metals in a report issued on Monday, April 22nd. Raymond James analyst C. Stanley now expects that the company will post earnings of $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.

Silvercorp Metals (TSE:SVM) last issued its earnings results 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 company had revenue of C$79.66 million for the quarter, compared to analyst estimates of C$74.39 million.

Several other brokerages have also weighed in on SVM. BMO Capital Markets set a C$5.00 target price on Silvercorp Metals and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Canaccord Genuity Group decreased their price target on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Wednesday.

Silvercorp Metals Stock Performance

Shares of SVM stock opened at C$4.72 on Thursday. 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 has a fifty-two week low of C$2.88 and a fifty-two week high of C$5.47. The stock’s 50-day moving average is C$4.11 and its two-hundred day moving average is C$3.59. The firm has a market cap of C$834.59 million, a P/E ratio of 20.52, a PEG ratio of 0.03 and a beta of 0.91.

Insider Transactions at Silvercorp Metals

In other news, Director Yikang Liu sold 15,167 shares of Silvercorp Metals stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total value of C$61,053.24. In other news, Director Yikang Liu sold 15,167 shares of Silvercorp Metals stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total value of C$61,053.24. Also, Director Rui Feng sold 40,000 shares of Silvercorp Metals stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. 4.38% of the stock is currently owned by 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.