Silvercorp Metals (SVM) Set to Announce Earnings on Thursday

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

Silvercorp Metals Trading Down 2.6 %

TSE:SVM opened at C$6.76 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. The firm has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15. Silvercorp Metals has a one year low of C$2.88 and a one year high of C$7.34. The business has a fifty day moving average price of C$5.82 and a 200-day moving average price of C$5.23.

Insiders Place Their Bets

In other news, Director Yikang Liu sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total transaction of C$26,600.00. In related news, Senior Officer Derek Zhihua Liu sold 52,500 shares of Silvercorp Metals stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$5.32, for a total transaction of C$279,247.50. Also, Director Yikang Liu sold 3,800 shares of Silvercorp Metals stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total transaction of C$26,600.00. Insiders sold a total of 112,893 shares of company stock valued at $639,929 over the last 90 days. Insiders own 3.67% of the company’s stock.

Analyst Ratings Changes

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

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.