Roth Capital Lifts Earnings Estimates for Silvercorp Metals

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Research analysts at Roth Capital upped their FY2025 earnings per share (EPS) estimates for shares of Silvercorp Metals in a report released on Monday, November 11th. Roth Capital analyst J. Reagor now expects that the company will post earnings of $0.34 per share for the year, up from their previous estimate of $0.33. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.34 per share.

Separately, Roth Mkm dropped their target price on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a report on Wednesday, August 21st.

Silvercorp Metals Stock Performance

NYSEAMERICAN:SVM opened at $3.95 on Tuesday. Silvercorp Metals has a fifty-two week low of $2.08 and a fifty-two week high of $5.32. The firm has a market cap of $856.87 million, a PE ratio of 13.17 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.86% and a net margin of 23.07%. The firm had revenue of $68.00 million for the quarter, compared to analyst estimates of $67.90 million.

Silvercorp Metals Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.0125 dividend. The ex-dividend date of this dividend is Friday, November 29th. Silvercorp Metals’s dividend payout ratio is currently 10.00%.

Hedge Funds Weigh In On Silvercorp Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its holdings in shares of Silvercorp Metals by 153.8% in the third quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock worth $105,689,000 after acquiring an additional 13,399,851 shares during the last quarter. Tidal Investments LLC purchased a new position in Silvercorp Metals in the 1st quarter valued at about $17,619,000. Acadian Asset Management LLC boosted its stake in shares of Silvercorp Metals by 1,218.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock worth $4,520,000 after purchasing an additional 1,252,174 shares during the last quarter. TD Asset Management Inc purchased a new stake in shares of Silvercorp Metals during the second quarter worth about $568,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Silvercorp Metals by 2.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company’s stock valued at $23,369,000 after buying an additional 115,300 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.