FY2024 Earnings Forecast for Silvercorp Metals Inc. Issued By Raymond James (TSE:SVM)

Silvercorp Metals Inc. (TSE:SVM) – Research analysts at Raymond James raised their FY2024 EPS estimates for shares of Silvercorp Metals in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst C. Stanley now expects that the company will earn $0.26 per share 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.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.08 earnings per share 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 firm had revenue of C$79.66 million during the quarter, compared to analysts’ expectations of C$74.39 million.

Several other brokerages have also recently issued reports on SVM. BMO Capital Markets raised their target price on shares of Silvercorp Metals from C$5.00 to C$6.00 in a report on Thursday. Canaccord Genuity Group lowered their price target 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.

Silvercorp Metals Price Performance

Shares of SVM opened at C$4.84 on Thursday. Silvercorp Metals has a twelve month low of C$2.88 and a twelve month high of C$5.47. The company has a 50 day moving average of C$4.14 and a two-hundred day moving average of C$3.60. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The company has a market cap of C$855.81 million, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 0.03 and a beta of 0.91.

Insider Buying and Selling

In other Silvercorp Metals news, Director Yikang Liu sold 15,167 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. In other news, Director Yikang Liu sold 15,167 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$4.03, for a total value of C$61,053.24. Also, Director Rui Feng sold 40,000 shares of the company’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. 4.38% of the stock is 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.