Silvercorp Metals Inc (AMEX:SVM) has a beta value of 1.21 and has seen 1.67 million shares traded in the recent trading session. The company, currently valued at $677.33M, closed the recent trade at $3.82 per share which meant it gained $0.05 on the day or 1.29% during that session. The SVM stock price is -9.95% off its 52-week high price of $4.20 and 45.55% above the 52-week low of $2.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.8 million shares traded. The 3-month trading volume is 1.73 million shares.
Silvercorp Metals Inc (AMEX:SVM) trade information
Sporting 1.29% in the green today, the stock has traded in the green over the last five days, when the SVM stock price touched $3.82 or saw a rise of 3.54%. Year-to-date, Silvercorp Metals Inc shares have moved 45.19%, while the 5-day performance has seen it change 1.56%. Over the past 30 days, the shares of Silvercorp Metals Inc (AMEX:SVM) have changed 37.85%. Short interest in the company has seen 4.52 million shares shorted with days to cover at 2.72.
Silvercorp Metals Inc (SVM) estimates and forecasts
Figures show that Silvercorp Metals Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 67.48% over the past 6 months, with this year growth rate of -9.52%, compared to 18.80% for the industry. Revenue growth from the last financial year stood is estimated to be 1.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of $40.2 million for the current quarter. 1 have an estimated revenue figure of $60.9 million for the next quarter concluding in Jun 2024. Year-ago sales stood $34.15 million and $60.1 million respectively for this quarter and the next, and analysts expect sales will grow by 17.70% for the current quarter and 1.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16.09% over the past 5 years. Earnings growth for 2024 is a modest 79.60% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
SVM Dividends
Silvercorp Metals Inc is expected to release its next earnings report between May 23 and May 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.03 at a share yield of 0.65%. The company’s dividend yield has gone up over the past 12 months.
Silvercorp Metals Inc (AMEX:SVM)’s Major holders
Insiders own 4.38% of the company shares, while shares held by institutions stand at 34.61% with a share float percentage of 36.20%. Investors are also buoyed by the number of investors in a company, with Silvercorp Metals Inc having a total of 149 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 8.44 million shares worth more than $23.8 million. As of Jun 29, 2023, Van Eck Associates Corporation held 4.77% of shares outstanding.
The other major institutional holder is ETF Managers Group, LLC, with the holding of over 5.09 million shares as of Mar 30, 2023. The firm’s total holdings are worth over $19.43 million and represent 2.88% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Junior Gold Miners ETF and Global X Fds-Global X Silver Miners ETF. As of Sep 29, 2023, the former fund manager holds about 4.37% shares in the company for having 7.73 million shares of worth $18.16 million while later fund manager owns 4.32 million shares of worth $10.16 million as of Sep 29, 2023, which makes it owner of about 2.44% of company’s outstanding stock.
