Cormark Has Pessimistic Outlook of TSE:SVM FY2027 Earnings

Silvercorp Metals Inc. (TSE:SVM) – Equities research analysts at Cormark lowered their FY2027 earnings per share estimates for shares of Silvercorp Metals in a report released on Monday, November 10th. Cormark analyst N. Dion now forecasts that the company will earn $0.76 per share for the year, down from their previous estimate of $0.78. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.54 per share.

Silvercorp Metals (TSE:SVM) last posted its earnings results on Thursday, November 6th. The company reported C($0.05) earnings per share (EPS) for the quarter. Silvercorp Metals had a net margin of 23.07% and a return on equity of 9.91%. The firm had revenue of C$116.03 million during the quarter.

Several other brokerages have also commented on SVM. BMO Capital Markets raised their price objective on Silvercorp Metals from C$10.00 to C$12.00 in a report on Thursday, October 16th. Canaccord Genuity Group increased their target price on Silvercorp Metals from C$9.50 to C$13.00 in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$12.50.

Silvercorp Metals Price Performance

TSE:SVM opened at C$9.63 on Wednesday. The company has a quick ratio of 4.43, a current ratio of 3.04 and a debt-to-equity ratio of 0.18. Silvercorp Metals has a 52 week low of C$4.14 and a 52 week high of C$10.92. The stock’s 50-day moving average price is C$8.72 and its 200-day moving average price is C$6.90. The stock has a market capitalization of C$2.12 billion, a PE ratio of 87.55, a price-to-earnings-growth ratio of 0.03 and a beta of 1.77.

Insider Transactions at Silvercorp Metals

In other news, insider Derek Zhihua Liu sold 40,000 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of C$6.69, for a total value of C$267,664.00. Following the completion of the sale, the insider directly owned 132,010 shares in the company, valued at C$883,358.12. This represents a 23.25% decrease in their ownership of the stock. 3.67% of the stock is currently owned by company insiders.

About Silvercorp Metals

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.