FY2024 EPS Estimates for Silvercorp Metals Inc. (TSE:SVM) Cut by Analyst

Silvercorp Metals Inc. (TSE:SVM - Free Report) - Research analysts at Roth Capital dropped their FY2024 earnings estimates for shares of Silvercorp Metals in a research report issued on Wednesday, April 24th. Roth Capital analyst J. Reagor now anticipates that the company will earn $0.27 per share for the year, down from their previous estimate of $0.28. The consensus estimate for Silvercorp Metals' current full-year earnings is $0.35 per share. Roth Capital also issued estimates for Silvercorp Metals' Q4 2024 earnings at $0.03 EPS and FY2025 earnings at $0.38 EPS.

Several other equities analysts have also recently weighed in on the stock. Raymond James increased their price objective on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday. Canaccord Genuity Group decreased their target price on shares of Silvercorp Metals from C$7.50 to C$7.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on shares of Silvercorp Metals from C$5.00 to C$6.00 in a research note on Thursday.

Silvercorp Metals Stock Performance

Shares of TSE:SVM traded down C$0.32 during trading on Friday, hitting C$4.52. The company's stock had a trading volume of 1,601,524 shares, compared to its average volume of 286,213. The company has a 50-day moving average of C$4.18 and a 200-day moving average of C$3.61. Silvercorp Metals has a 12 month low of C$2.88 and a 12 month high of C$5.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 4.43. The firm has a market cap of C$799.23 million, a price-to-earnings ratio of 19.65, a P/E/G ratio of 0.03 and a beta of 0.91.

Silvercorp Metals (TSE:SVM - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$79.66 million for the quarter, compared to analysts' expectations of C$74.39 million.

Insider Buying and Selling at Silvercorp Metals

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 transaction of C$61,053.24. In related news, Director Yikang Liu sold 15,167 shares of the firm'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 firm'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. Insiders own 4.38% of the company's stock.

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.