Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Forecasted to Earn FY2024 Earnings of $0.20 Per Share

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Investment analysts at Roth Capital dropped their FY2024 earnings estimates for shares of Silvercorp Metals in a research note issued to investors on Friday, April 26th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings per share of $0.20 for the year, down from their previous forecast of $0.21. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.20 per share. Roth Capital also issued estimates for Silvercorp Metals’ Q4 2024 earnings at $0.02 EPS.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $58.51 million for the quarter, compared to the consensus estimate of $55.10 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%.

Separately, Roth Mkm decreased their target price on Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th.

Silvercorp Metals Stock Performance

Shares of NYSEAMERICAN SVM opened at $3.31 on Monday. The company has a market cap of $586.90 million, a PE ratio of 19.47 and a beta of 1.21. Silvercorp Metals has a 12 month low of $2.08 and a 12 month high of $3.98.

Hedge Funds Weigh In On Silvercorp Metals

Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Silvercorp Metals by 5.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock worth $9,514,000 after buying an additional 219,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Silvercorp Metals by 34.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after purchasing an additional 4,855 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Silvercorp Metals by 0.3% during the third quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock worth $3,679,000 after purchasing an additional 5,524 shares during the last quarter. Jump Financial LLC lifted its stake in Silvercorp Metals by 103.9% during the third quarter. Jump Financial LLC now owns 139,863 shares of the company’s stock worth $329,000 after purchasing an additional 71,263 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in Silvercorp Metals during the third quarter worth approximately $39,000. 22.30% of the stock is owned by institutional investors and hedge funds.

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.