Raymond James Analysts Increase Earnings Estimates for Silvercorp Metals Inc. (TSE:SVM)

Silvercorp Metals Inc. (TSE:SVM) – Raymond James upped their FY2024 EPS estimates for shares of Silvercorp Metals in a research note issued to investors on Monday, April 22nd. Raymond James analyst C. Stanley now expects that the company will post earnings per share of $0.26 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.

A number of other analysts have also weighed in on SVM. Canaccord Genuity Group cut their target price 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. BMO Capital Markets raised their target price on shares of Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday.

Silvercorp Metals Stock Performance

Shares of Silvercorp Metals stock opened at C$4.52 on Thursday. Silvercorp Metals has a fifty-two week low of C$2.88 and a fifty-two week 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. The firm has a market capitalization of C$799.23 million, a P/E ratio of 19.65, a P/E/G ratio of 0.03 and a beta of 0.91. The company’s 50 day moving average price is C$4.18 and its two-hundred day moving average price is C$3.61.

Silvercorp Metals (TSE:SVM) last posted its quarterly 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 business had revenue of C$79.66 million for the quarter, compared to analyst estimates of C$74.39 million.

Insider Activity

In other news, Director Rui Feng sold 40,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. In other news, Director Rui Feng sold 40,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total transaction of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the firm’s stock in a transaction on 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.

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.