In the latest trading session, 0.56 million Silvercorp Metals Inc (AMEX:SVM) shares changed hands as the company’s beta touched 1.33. With the company’s most recent per share price at $3.89 changed hands at -$0.01 or -0.38% at last look, the market valuation stands at $867.49M. SVM’s current price is a discount, trading about -12.85% off its 52-week high of $4.39. The share price had its 52-week low at $2.08, which suggests the last value was 46.53% up since then. When we look at Silvercorp Metals Inc’s average trading volume, we note the 10-day average is 1.81 million shares, with the 3-month average coming to 1.52 million.
Analysts gave the Silvercorp Metals Inc (SVM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SVM as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Silvercorp Metals Inc’s EPS for the current quarter is expected to be 0.08.
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Silvercorp Metals Inc (AMEX:SVM) trade information
Instantly SVM was in red as seen in intraday trades today. With action 13.60%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 47.73%, with the 5-day performance at 13.60% in the green. However, in the 30-day time frame, Silvercorp Metals Inc (AMEX:SVM) is 4.16% up. Looking at the short shares, we see there were 2.46 million shares sold at short interest cover period of 1.89 days.
Silvercorp Metals Inc (SVM) estimates and forecasts
Data shows that the Silvercorp Metals Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 61.88% over the past 6 months, a 9.09% in annual growth rate that is considerably lower than the industry average of 19.30%. Year-over-year growth is forecast to reach 20.50% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 70.3M. 2 analysts are of the opinion that Silvercorp Metals Inc’s revenue for the current quarter will be 73.35M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.75%. The 2024 estimates are for Silvercorp Metals Inc earnings to increase by 46.07%, but the outlook for the next 5-year period is at 5.00% per year.
SVM Dividends
Silvercorp Metals Inc is expected to release its next quarterly earnings report on 2024-Nov-07. The 0.64% annual yield figure for the share gives it an annual dividend of 0.03. It is important to note, however, that the 0.64% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.69 per year.
Silvercorp Metals Inc (AMEX:SVM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.71% of Silvercorp Metals Inc shares while 31.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 32.79%. There are 31.57% institutions holding the Silvercorp Metals Inc stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 4.9215% of the shares, roughly 8.71 million SVM shares worth $29.27 million.
TOROSO INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 3.5479% or 6.28 million shares worth $21.1 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were VanEck ETF Trust-VanEck Junior Gold Miners ETF and Amplify ETF Tr-Amplify Junior Silver Miners ETF. With 8.01 shares estimated at $31.29 million under it, the former controlled 3.70% of total outstanding shares. On the other hand, Amplify ETF Tr-Amplify Junior Silver Miners ETF held about 2.50% of the shares, roughly 5.4 shares worth around $21.11 million.
