Roth Capital Analysts Reduce Earnings Estimates for Silvercorp Metals Inc. (TSE:SVM)

Silvercorp Metals Inc. (TSE:SVM) – Research analysts at Roth Capital cut their FY2024 EPS estimates for Silvercorp Metals in a 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 results on Thursday, February 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$79.66 million during the quarter, compared to the consensus estimate of C$74.39 million.

SVM has been the topic of a number of other research reports. 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 report on Wednesday. BMO Capital Markets raised their price objective on shares of Silvercorp Metals from C$5.00 to C$6.00 in a research note on Thursday. Finally, Raymond James lifted their price target on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research report on Tuesday, April 23rd.

Silvercorp Metals Stock Down 6.6 %

Shares of Silvercorp Metals stock opened at C$4.52 on Friday. The business has a 50-day moving average of C$4.20 and a 200-day moving average of C$3.62. 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 company has a market capitalization of C$799.23 million, a PE ratio of 19.65, a P/E/G ratio of 0.03 and a beta of 0.91. Silvercorp Metals has a 1-year low of C$2.88 and a 1-year high of C$5.47.

Insider Activity at Silvercorp Metals

In other news, Director Rui Feng sold 40,000 shares of the company’s stock in a transaction that occurred 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 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 stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total transaction of C$61,053.24. 4.38% of the stock is currently owned by insiders.

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.