FY2024 Earnings Forecast for Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Issued By Roth Capital

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Stock analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for shares of Silvercorp Metals in a report issued on Friday, April 26th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings per share of $0.20 for the year, down from their prior 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.

Separately, Roth Mkm decreased their price objective on shares of 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 Price Performance

NYSEAMERICAN:SVM opened at $3.36 on Monday. The stock has a market cap of $595.76 million, a price-to-earnings ratio of 19.76 and a beta of 1.21. Silvercorp Metals has a 52-week low of $2.08 and a 52-week high of $3.98.

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

Hedge Funds Weigh In On Silvercorp Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in shares of Silvercorp Metals by 8.2% in the 4th quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock worth $23,949,000 after purchasing an additional 693,952 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Silvercorp Metals by 2.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company’s stock valued at $11,697,000 after acquiring an additional 100,973 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 valued at $9,514,000 after acquiring an additional 219,000 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Silvercorp Metals by 0.3% in the third quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock valued at $3,679,000 after acquiring an additional 5,524 shares during the period. Finally, U S Global Investors Inc. lifted its holdings in shares of Silvercorp Metals by 367.1% in the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock worth $3,807,000 after acquiring an additional 917,700 shares during the last quarter. 22.30% of the stock is owned by hedge funds and other institutional investors.

About Silvercorp Metals

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.