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An Analysis Of Silvercorp Metals Inc. (AMEX: SVM), And Its Business Forecast

In the last trading session, 2.45 million shares of the Silvercorp Metals Inc. (AMEX:SVM) were traded, and its beta was 0.95. Most recently the company’s…

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This article was originally published by The Marketing Sentinal

In the last trading session, 2.45 million shares of the Silvercorp Metals Inc. (AMEX:SVM) were traded, and its beta was 0.95. Most recently the company’s share price was $2.56, and it changed around $0.23 or 9.87% from the last close, which brings the market valuation of the company to $440.24M. SVM currently trades at a discount to its 52-week high of $4.76, offering almost -85.94% off that amount. The share price’s 52-week low was $1.99, which indicates that the current value has risen by an impressive 22.27% since then. We note from Silvercorp Metals Inc.’s average daily trading volume that its 10-day average is 1.57 million shares, with the 3-month average coming to 1.60 million.

Silvercorp Metals Inc. (AMEX:SVM) trade information

Instantly SVM has showed a green trend with a performance of 9.87% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.57 on Monday, 10/03/22 increased the stock’s daily price by 0.39%. The company’s shares are currently down -31.91% year-to-date, but still up 25.49% over the last five days. On the other hand, Silvercorp Metals Inc. (AMEX:SVM) is 17.43% up in the 30-day period. We can see from the shorts that 1.15 million shares have been sold at a short interest cover period of 1.01 day(s).

The consensus price target as assigned by Wall Street analysts is $5.10, which translates to bulls needing to increase their stock price by 49.8% from its current value. Analyst projections state that SVM is forecast to be at a low of $2.80 and a high of $10.00. In order for the stock price to hit the forecast high, the stock would need to plunge -290.62% from its current level, while the stock would need to crash -9.37% from its current level to reach the projected low.

Silvercorp Metals Inc. (SVM) estimates and forecasts

Silvercorp Metals Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -31.18 percent over the past six months and at a -37.93% annual growth rate that is well below the industry average of 16.40%. The year-over-year growth rate is expected to be -3.50%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $61.9 million in revenue for the current quarter. 1 analysts expect Silvercorp Metals Inc. to make $58.6 million in revenue for the quarter ending Sep 2022.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -7.60%. Silvercorp Metals Inc. earnings are expected to increase by -34.40% in 2022, but the outlook is positive 5.00% per year for the next five years.

SVM Dividends

Silvercorp Metals Inc.’s next quarterly earnings report is expected to be released around November 02 and November 07. The annual dividend yield of the stock is 0.98 percent and its annual dividend per share was 0.03. It is important to note, however, that the 0.98% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Silvercorp Metals Inc. (AMEX:SVM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.30% of Silvercorp Metals Inc. shares, and 35.38% of them are in the hands of institutional investors. The stock currently has a share float of 36.98%. Silvercorp Metals Inc. stock is held by 159 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Mar 30, 2022, it held 10.59% of the shares, which is about 18.74 million shares worth $67.84 million.

ETF Managers Group, LLC, with 2.95% or 5.22 million shares worth $18.9 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Jun 29, 2022. The former held 9.38 million shares worth $23.27 million, making up 5.30% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 7.66 million shares worth around $18.99 million, which represents about 4.33% of the total shares outstanding.

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