Echelon Wealth Partners Weighs in on Silvercorp Metals Inc.’s Q2 2023 Earnings (TSE:SVM)

Silvercorp Metals Inc. (TSE:SVM – Get Rating) – Investment analysts at Echelon Wealth Partners issued their Q2 2023 EPS estimates for Silvercorp Metals in a research note issued to investors on Thursday, September 22nd. Echelon Wealth Partners analyst G. Gonzalez expects that the company will post earnings of $0.05 per share for the quarter. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.33 per share. Echelon Wealth Partners also issued estimates for Silvercorp Metals’ Q3 2023 earnings at $0.07 EPS, Q4 2023 earnings at $0.08 EPS, FY2023 earnings at $0.28 EPS and FY2024 earnings at $0.48 EPS.

Silvercorp Metals (TSE:SVM – Get Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported C$0.10 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.03. The company had revenue of C$81.17 million during the quarter, compared to analyst estimates of C$77.74 million.

Other equities research analysts also recently issued research reports about the stock. Raymond James reduced their price objective on shares of Silvercorp Metals from C$6.50 to C$6.00 and set a “market perform” rating for the company in a report on Tuesday, July 19th. BMO Capital Markets cut their price target on shares of Silvercorp Metals from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Monday, May 30th.

Silvercorp Metals Stock Performance

SVM stock opened at C$2.88 on Monday. The company has a market capitalization of C$509.72 million and a P/E ratio of 13.71. The company has a 50-day simple moving average of C$3.17 and a 200 day simple moving average of C$3.68. Silvercorp Metals has a fifty-two week low of C$2.81 and a fifty-two week high of C$5.95. The company has a quick ratio of 4.21, a current ratio of 4.49 and a debt-to-equity ratio of 0.18.

Insider Activity

In other Silvercorp Metals news, insider Silvercorp Metals Inc. bought 98,277 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were bought at an average price of C$2.85 per share, for a total transaction of C$279,814.27. Following the acquisition, the insider now directly owns 503,247 shares of the company’s stock, valued at C$1,432,844.86.

Silvercorp Metals Company Profile

(Get Rating)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.

Recommended Stories

Earnings History and Estimates for Silvercorp Metals (TSE:SVM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Silvercorp Metals, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Silvercorp Metals wasn’t on the list.

While Silvercorp Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: