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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Stock analysts at Raymond James increased their FY2024 EPS estimates for Silvercorp Metals in a note issued to investors on Monday, April 22nd. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of $0.19 for the year, up from their previous estimate of $0.17. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.19 per share.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $58.51 million for the quarter, compared to the consensus estimate of $55.10 million.

Separately, Roth Mkm lowered their price objective on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday.

Silvercorp Metals Stock Down 2.4 %

NYSEAMERICAN SVM opened at $3.46 on Thursday. Silvercorp Metals has a 52 week low of $2.08 and a 52 week high of $3.98. The company has a market cap of $612.61 million, a price-to-earnings ratio of 20.32 and a beta of 1.21.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SVM. U S Global Investors Inc. boosted its stake in Silvercorp Metals by 367.1% during the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock valued at $3,807,000 after acquiring an additional 917,700 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Silvercorp Metals by 8.2% during the fourth quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock worth $23,949,000 after purchasing an additional 693,952 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Silvercorp Metals by 5.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock worth $9,514,000 after purchasing an additional 219,000 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Silvercorp Metals by 2.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company’s stock worth $11,697,000 after purchasing an additional 100,973 shares during the period. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Silvercorp Metals during the fourth quarter worth $260,000. 22.30% of the stock is currently owned by institutional investors.

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.