Silvercorp Metals Inc. (SVM) concluded trading on 03/16/23 at a closing price of $3.06, with 0.99 million shares of worth about $3.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.47% during that period and on Thursday the price saw a loss of about -1.92%. Currently the company’s common shares owned by public are about 176.72M shares, out of which, 169.35M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the SVM stock and their offered price forecasts bring an average price target of $5.28. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.25 and could fall to a lowest price of $4.12. However, touching the estimated high of $8.25 would mean a gain of 62.91% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 60 times over the past 12 months. They bought 868,536 shares in 43 of the transactions. In 17 selling transactions, insiders dumped 999,214 shares.
VanEck Junior Gold Miners ETF, ETFMG Prime Junior Silver ETF, and Global X Silver Miners ETF are the top 3 mutual funds which are holding stakes in Silvercorp Metals Inc. VanEck Junior Gold Miners ETF is currently holding 7.55 million shares of worth totaling $23.17 million. The company recently came buying 71760.0 shares which brought its stake up to 4.28% of the company’s outstanding shares. Global X Silver Miners ETF, after buying 4.66 million shares, have now control over 2.64% of the stake in the company. It holds 0.0 shares of worth $14.29 million.
Silvercorp Metals Inc. (AMEX: SVM) started trading at $3.15, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 3.1500, or with a loss of -1.92%. Stock saw a price change of 3.73% in past 5 days and over the past one month there was a price change of -4.08%. Year-to-date (YTD), SVM shares are showing a performance of 3.38% which decreased to -19.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.99 but also hit the highest price of $4.11 during that period. The average intraday trading volume for Silvercorp Metals Inc. shares is 1.22 million. The stock is currently trading -0.50% below its 20-day simple moving average (SMA20), while that difference is down -5.08% for SMA50 and it goes to 11.39% higher than SMA200.
Silvercorp Metals Inc. (AMEX: SVM) currently have 176.72M outstanding shares and institutions hold larger chunk of about 26.80% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $546.09M and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 22.50, while it has posted earnings per share of $0.14 in the same period. Its PEG reads 4.50 and has Quick Ratio of 4.60 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SVM, volatility over the week remained 5.47% while standing at 4.10% over the month.
Analysts are in expectations that Silvercorp Metals Inc. (SVM) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -34.40% while it is estimated to decrease by -28.60% in next year. EPS is likely to grow at an annualized rate of 5.00% for next 5-years, compared to annual growth of -7.60% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Silvercorp Metals Inc. (SVM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
On March 11, 2020, Alliance Global Partners Upgrade their recommendations, while on November 12, 2019, Alliance Global Partners Downgrade their ratings for the stock with a price target of $4.35. Stock get a Market perform rating from BMO Capital Markets on September 11, 2019.
