Brokers Set Expectations for Silvercorp Metals Inc.’s FY2024 Earnings (TSE:SVM)

Silvercorp Metals Inc. (TSE:SVM) – Stock analysts at Roth Capital cut their FY2024 earnings estimates for Silvercorp Metals in a research note issued to investors on Wednesday, April 24th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings of $0.27 per share for the year, down from their prior forecast of $0.28. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.35 per share. Roth Capital also issued estimates for Silvercorp Metals’ Q4 2024 earnings at $0.03 EPS and FY2025 earnings at $0.38 EPS.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. The business had revenue of C$79.66 million for the quarter, compared to analyst estimates of C$74.39 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%.

SVM has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday. Raymond James boosted their price objective on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday. Finally, Canaccord Genuity Group dropped their price target on shares of Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Wednesday.

Silvercorp Metals Stock Performance

Shares of SVM stock opened at C$4.84 on Friday. The company’s fifty day simple moving average is C$4.18 and its 200-day simple moving average is C$3.61. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The firm has a market cap of C$855.81 million, a PE ratio of 21.04, a P/E/G ratio of 0.03 and a beta of 0.91. Silvercorp Metals has a 12 month low of C$2.88 and a 12 month high of C$5.47.

Insiders Place Their Bets

In other news, Director Yikang Liu sold 15,167 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. In other news, Director Rui Feng sold 40,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were 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 stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total transaction of C$61,053.24. Insiders own 4.38% of the company’s stock.

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.