Silvercorp Metals (SVM) to Release Earnings on Thursday

Silvercorp Metals (TSE:SVM) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Silvercorp Metals to post earnings of C$0.10 per share for the quarter.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.04. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%. The company had revenue of C$98.74 million during the quarter, compared to analysts’ expectations of C$98.53 million.

Silvercorp Metals Price Performance

SVM stock opened at C$6.27 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03. The firm has a market cap of C$1.36 billion, a P/E ratio of 16.95, a P/E/G ratio of 0.03 and a beta of 1.15. The firm’s fifty day moving average is C$5.94 and its 200 day moving average is C$5.28. Silvercorp Metals has a 52 week low of C$2.88 and a 52 week high of C$7.34.

Insiders Place Their Bets

In related news, Senior Officer Derek Zhihua Liu sold 53,333 shares of Silvercorp Metals stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total value of C$312,531.38. In other news, Director Yikang Liu sold 3,800 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total value of C$312,531.38. In the last 90 days, insiders sold 112,893 shares of company stock worth $639,929. 3.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SVM. BMO Capital Markets boosted their target price on Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th. Raymond James increased their price objective on Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st. Finally, Eight Capital upped their price target on shares of Silvercorp Metals from C$6.20 to C$7.00 in a report on Thursday, July 11th.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.