Silvercorp Metals (SVM) Set to Announce Earnings on Thursday

Silvercorp Metals (TSE:SVM - Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.10 per share for the quarter.

Silvercorp Metals (TSE:SVM - Get Free Report) last issued 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 business had revenue of C$98.74 million for the quarter, compared to the consensus estimate of C$98.53 million. Silvercorp Metals had a net margin of 21.57% and a return on equity of 10.92%.

Silvercorp Metals Price Performance

Shares of TSE SVM traded down C$0.22 during midday trading on Thursday, reaching C$6.54. The stock had a trading volume of 841,711 shares, compared to its average volume of 411,473. The company has a market capitalization of C$1.42 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 12-month low of C$2.88 and a 12-month high of C$7.34. The stock has a 50-day moving average of C$5.85 and a 200-day moving average of C$5.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction dated 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 related news, Senior Officer Derek Zhihua Liu sold 53,333 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.86, for a total transaction of C$312,531.38. Also, Director Yikang Liu sold 3,800 shares of the stock in a transaction 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. Over the last 90 days, insiders have sold 112,893 shares of company stock worth $639,929. Insiders own 3.67% 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. 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.