Silvercorp Metals (TSE:SVM) Posts Quarterly Earnings Results

Silvercorp Metals (TSE:SVM) posted its quarterly earnings data on Thursday. The company reported C$0.10 EPS for the quarter, FiscalAI reports. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. The business had revenue of C$102.64 million for the quarter.

Silvercorp Metals Trading Down 3.5%

Shares of SVM stock opened at C$11.69 on Friday. The stock has a 50-day simple moving average of C$14.86 and a 200 day simple moving average of C$15.55. Silvercorp Metals has a fifty-two week low of C$8.41 and a fifty-two week high of C$21.61. The stock has a market capitalization of C$2.59 billion, a P/E ratio of 106.27, a P/E/G ratio of 0.03 and a beta of 2.75. The company has a quick ratio of 4.43, a current ratio of 3.51 and a debt-to-equity ratio of 12.00.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded Silvercorp Metals to a “hold” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Silvercorp Metals has an average rating of “Buy” and a consensus price target of C$17.50.

Insider Buying and Selling

In other Silvercorp Metals news, Director Rui Feng sold 30,000 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$14.95, for a total value of C$448,500.00. Following the sale, the director directly owned 6,531,000 shares in the company, valued at approximately C$97,638,450. The trade was a 0.46% decrease in their ownership of the stock. Company insiders own 3.67% of the company’s stock.

About Silvercorp Metals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.