Silvercorp Metals Inc. (AMEX:SVM) shares traded -2.25% lower at $3.04 on Wall Street last session.
In accordance with the data, 6 analysts cover Silvercorp Metals Inc. (AMEX:SVM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $3.98, we find $5.27. Given the previous closing price of $3.11, this indicates a potential upside of 69.45 percent. SVM stock price is now 0.10% away from the 50-day moving average and -3.18% away from the 200-day moving average. The market capitalization of the company currently stands at $523.73M.
It has been rated a hold by 0 analysts and a buy by 5. Brokers who have rated the stock have averaged $5.62 as their price target over the next twelve months.
Insiders disposed of 614,524 shares of company stock worth roughly $1.87 million over the past 1 year. A total of 3.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SVM stock. A new stake in Silvercorp Metals Inc. shares was purchased by ETF MANAGERS GROUP, LLC during the first quarter worth $15,460,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $1,145,000 in shares of SVM during the first quarter. In the first quarter, QUAERO CAPITAL S.A. acquired a new stake in Silvercorp Metals Inc. valued at approximately $978,000. JUMP FINANCIAL, LLC acquired a new stake in SVM for approximately $562,000. PINZ CAPITAL MANAGEMENT, LP purchased a new stake in SVM valued at around $473,000 in the second quarter. In total, there are 166 active investors with 26.80% ownership of the company’s stock.
Silvercorp Metals Inc. (AMEX: SVM) opened at $3.0700 on Tuesday. During the past 12 months, Silvercorp Metals Inc. has had a low of $1.99 and a high of $4.20. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.30, and a quick ratio of 5.10. According to the stock market information, the enterprise value for the company is $339.02M, which is based on a 26.43 price-to-earnings ratio, a 5.29 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for SVM is $3.0284 and a two-hundred day moving average price translates $3.1424 for the stock.
The latest earnings results from Silvercorp Metals Inc. (AMEX: SVM) was released for Mar, 2023. According to the Silver Company, earnings per share came in at $0.03, inline with analysts’ expectations of $0.03. This compares to $0.04 EPS in the same period last year. The net profit margin was 9.90% and return on equity was 4.30% for SVM. The company reported revenue of $34.15 million for the quarter, compared to $41.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.9 percent. For the current quarter, analysts expect SVM to generate $58.4M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/29/2023. Investors who held shares on 06/12/2023 were paid a $0.0125 dividend. On an annualized basis, this represents a $0.03 dividend and a 0.82% percent yield. There was an ex-dividend date of 06/09/2023 for this dividend. In terms of dividend payout ratio, SVM is presently at 21.50%.
Silvercorp Metals Inc.(SVM) 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. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
