During the last session, Silvercorp Metals Inc (AMEX:SVM)’s traded shares were 4.42 million, with the beta value of the company hitting 1.26. At the end of the trading day, the stock’s price was $3.30, reflecting an intraday loss of -7.44% or -$0.26. The 52-week high for the SVM share is $5.32, that puts it down -61.21 from that peak though still a striking 32.73% gain since the share price plummeted to a 52-week low of $2.22. The company’s market capitalization is $1.00B, and the average intraday trading volume over the past 10 days was 5.06 million shares, and the average trade volume was 3.39 million shares over the past three months.
Silvercorp Metals Inc (SVM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.25. SVM has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.07.
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Silvercorp Metals Inc (AMEX:SVM) trade information
Silvercorp Metals Inc (SVM) registered a -7.44% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.44% in intraday trading to $3.30, hitting a weekly high. The stock’s 5-day price performance is -17.21%, and it has moved by -31.07% in 30 days. Based on these gigs, the overall price performance for the year is 37.29%. The short interest in Silvercorp Metals Inc (AMEX:SVM) is 7.08 million shares and it means that shorts have 2.6 day(s) to cover.
Silvercorp Metals Inc (SVM) estimates and forecasts
Statistics show that Silvercorp Metals Inc has outperformed its competitors in share price, compared to the industry in which it operates. Silvercorp Metals Inc (SVM) shares have gone down -13.74% during the last six months, with a year-to-date growth rate more than the industry average at 59.09% against 12.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 16.67% this quarter and then jump 300.00% in the quarter after that. In the rating firms’ projections, revenue will increase 12.53% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 80.9M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 48.3M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 58.51M and 42.68M respectively. In this case, analysts expect current quarter sales to grow by 38.27% and then jump by 13.17% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -2.75%. While earnings are projected to return 73.71% in 2024, the next five years will return 5.00% per annum.
SVM Dividends
Silvercorp Metals Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Silvercorp Metals Inc is 0.03, with the dividend yield indicating at 0.76 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.69%.
Silvercorp Metals Inc (AMEX:SVM)’s Major holders
Silvercorp Metals Inc insiders own 3.65% of total outstanding shares while institutional holders control 40.69%, with the float percentage being 42.23%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 195.0 institutions own stock in it. As of 2024-06-30, the company held over 8.71 million shares (or 4.9215% of all shares), a total value of $29.27 million in shares.
The next largest institutional holding, with 6.28 million shares, is of TOROSO INVESTMENTS, LLC’s that is approximately 3.5479% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $21.1 million.
Also, the Mutual Funds coming in first place with the largest holdings of Silvercorp Metals Inc (SVM) shares are VanEck ETF Trust-VanEck Junior Gold Miners ETF and VanEck ETF Trust-VanEck Gold Miners ETF. Data provided on Sep 30, 2024 indicates that VanEck ETF Trust-VanEck Junior Gold Miners ETF owns about 10.33 shares. This amounts to just over 4.75 percent of the company’s overall shares, with a $34.05 million market value. The same data shows that the other fund manager holds slightly less at 9.91, or about 4.55% of the stock, which is worth about $32.67 million.
