Silvercorp Metals (SVM) Scheduled to Post Quarterly Earnings on Thursday

Silvercorp Metals (NYSEAMERICAN:SVM) will issue its quarterly earnings data after the market closes on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its earnings results on Thursday, February 14th. The company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. The business had revenue of $42.35 million during the quarter, compared to the consensus estimate of $43.60 million.

Silvercorp Metals stock opened at $2.20 on Thursday. Silvercorp Metals has a 12 month low of $1.83 and a 12 month high of $3.12.

Separately, Zacks Investment Research raised Silvercorp Metals from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a report on Friday, March 22nd.

An institutional investor recently raised its position in Silvercorp Metals stock. Geode Capital Management LLC lifted its position in Silvercorp Metals Inc (NYSEAMERICAN:SVM) by 172.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,101 shares of the company’s stock after buying an additional 17,800 shares during the period. Geode Capital Management LLC’s holdings in Silvercorp Metals were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.

Further Reading: Analyzing a company’s cash flow statement

Earnings History for Silvercorp Metals (NYSEAMERICAN:SVM)

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