In today’s recent session, 0.48 million shares of the Silvercorp Metals Inc (AMEX:SVM) have been traded, and its beta is 1.28. Most recently the company’s share price was $4.02, and it changed around -$0.07 or -1.71% from the last close, which brings the market valuation of the company to $1.22B. SVM at last check was trading at a discount to its 52-week high of $5.32, offering almost -32.34% off that amount. The share price’s 52-week low was $2.22, which indicates that the recent value has risen by an impressive 44.78% since then. We note from Silvercorp Metals Inc’s average daily trading volume that its 10-day average is 3.81 million shares, with the 3-month average coming to 3.16 million.
Silvercorp Metals Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended SVM as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Silvercorp Metals Inc is expected to report earnings per share of 0.1 for the current quarter.
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Silvercorp Metals Inc (AMEX:SVM) trade information
Instantly SVM has been showing red trend so far today with a performance of -1.71% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.14 on recent trading dayincreased the stock’s daily price by 2.9%. The company’s shares are currently up 52.85% year-to-date, but still up 1.77% over the last five days. On the other hand, Silvercorp Metals Inc (AMEX:SVM) is -19.28% down in the 30-day period. We can see from the shorts that 7.08 million shares have been sold at a short interest cover period of 2.6 day(s).
Silvercorp Metals Inc (SVM) estimates and forecasts
Silvercorp Metals Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.50 percent over the past six months and at a 59.09% annual growth rate that is well above the industry average of 13.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 66.67% in revenue this quarter, and will report an increase of 350.00% in the next quarter. The year-over-year growth rate is expected to be 20.34%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 80.9M in revenue for the current quarter. 1 analysts expect Silvercorp Metals Inc to make 48.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 58.51M and 42.68M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 38.27%. Forecasts for the next quarter put sales growth at 13.17%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.75%. Silvercorp Metals Inc earnings are expected to increase by 80.03% in 2024, but the outlook is positive 5.00% per year for the next five years.
SVM Dividends
Silvercorp Metals Inc’s next quarterly earnings report is expected to be released on 2025-Feb-06. The annual dividend yield of the stock is 0.62 percent and its annual dividend per share was 0.03. It is important to note, however, that the 0.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.69 per year.
Silvercorp Metals Inc (AMEX:SVM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.66% of Silvercorp Metals Inc shares, and 40.81% of them are in the hands of institutional investors. The stock currently has a share float of 42.36%. Silvercorp Metals Inc stock is held by 196.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 4.9215% of the shares, which is about 8.71 million shares worth $29.27 million.
TOROSO INVESTMENTS, LLC, with 3.5479% or 6.28 million shares worth $21.1 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
