Now Is The Time To Build A Position In Silvercorp Metals Inc (AMEX:SVM)

Silvercorp Metals Inc (AMEX:SVM)’s traded shares stood at 0.66 million during the latest session, with the company’s beta value hitting 1.25. At the last check today, the stock’s price was $3.96, to imply an increase of 1.93% or $0.07 in intraday trading. The SVM share’s 52-week high remains $5.32, putting it -34.34% down since that peak but still an impressive 45.45% since price per share fell to its 52-week low of $2.16. The company has a valuation of $1.21B, with an average of 3.45 million shares in intraday trading volume over the past 10 days and average of 3.06 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Silvercorp Metals Inc (SVM), translating to a mean rating of 1.20. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SVM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.1.

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Silvercorp Metals Inc (AMEX:SVM) trade information

After registering a 1.93% upside in the latest session, Silvercorp Metals Inc (SVM) has traded red over the past five days. The 5-day price performance for the stock is -13.62%, and -17.05% over 30 days. With these gigs, the year-to-date price performance is 50.76%. Short interest in Silvercorp Metals Inc (AMEX:SVM) saw shorts transact 7.08 million shares and set a 2.6 days time to cover.

Silvercorp Metals Inc (SVM) estimates and forecasts

Looking at statistics comparing Silvercorp Metals Inc share performance against respective industry, we note that the company has outperformed competitors. Silvercorp Metals Inc (SVM) shares are 7.74% up over the last 6 months, with its year-to-date growth rate higher than industry average at 59.09% against 13.10%. Revenue is forecast to grow 66.67% this quarter before jumping 350.00% for the next one. The rating firms project that company’s revenue will grow 20.34% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 80.9M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 48.3M.Earnings reports from the last fiscal year show that sales brought in 58.51M and 42.68M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 38.27% before jumping 13.17% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -2.75% for the past 5-year period. While 2024 is set for a 79.92% return in earnings, projections for the next 5 years are at 5.00% annually.

SVM Dividends

Silvercorp Metals Inc has its next earnings report out on 2025-Feb-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Silvercorp Metals Inc has a forward dividend ratio of 0.03, with the share yield ticking at 0.63% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.69%.

Silvercorp Metals Inc (AMEX:SVM)’s Major holders

Silvercorp Metals Inc insiders hold 3.66% of total outstanding shares, with institutional holders owning 39.16% of the shares at 40.65% float percentage. In total, 39.16% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 8.71 million shares (or 4.9215% of shares), all amounting to roughly $29.27 million.

The next major institution holding the largest number of shares is TOROSO INVESTMENTS, LLC with 6.28 million shares, or about 3.5479% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $21.1 million.