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Let’s Talk About Silvercorp Metals Inc. (AMEX: SVM)’s Outlook

In the last trading session, 1.9 million Silvercorp Metals Inc. (AMEX:SVM) shares changed hands as the company’s beta touched 0.96. With the company’s…

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This article was originally published by The Marketing Sentinal

In the last trading session, 1.9 million Silvercorp Metals Inc. (AMEX:SVM) shares changed hands as the company’s beta touched 0.96. With the company’s per share price at $2.04 changed hands at -$0.08 or -3.77% during last session, the market valuation stood at $395.21M. SVM’s last price was a discount, traded about -133.33% off its 52-week high of $4.76. The share price had its 52-week low at $2.08, which suggests the last value was -1.96% down since then. When we look at Silvercorp Metals Inc.’s average trading volume, we note the 10-day average is 3.46 million shares, with the 3-month average coming to 1.56 million.

Silvercorp Metals Inc. (AMEX:SVM) trade information

Instantly SVM was in red as seen at the end of in last trading. With action -13.19%, the performance over the past five days has been red. The drop to weekly highs of 2.44 on Monday, 09/26/22 subtracted -3.77% to the stock’s daily price. The company’s shares are showing year-to-date downside of -45.74%, with the 5-day performance at -13.19% in the red. However, in the 30-day time frame, Silvercorp Metals Inc. (AMEX:SVM) is -20.93% down. Looking at the short shares, we see there were 1.15 million shares sold at short interest cover period of 1.01 days.

The consensus price target for the stock as assigned by Wall Street analysts is $5.18, meaning bulls need an upside of 60.62% from its current market value. According to analyst projections, SVM’s forecast low is $2.80 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -390.2% plunge from its current level, while the stock would need to soar -37.25% for it to hit the projected low.

Silvercorp Metals Inc. (SVM) estimates and forecasts

Data shows that the Silvercorp Metals Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -47.29% over the past 6 months, a -37.93% in annual growth rate that is considerably lower than the industry average of 17.30%. Year-over-year growth is forecast to reach -3.50% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $61.9 million. 1 analysts are of the opinion that Silvercorp Metals Inc.’s revenue for the quarter ending Sep 2022 will be $58.6 million.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -7.60%. The 2022 estimates are for Silvercorp Metals Inc. earnings to decrease by -34.40%, but the outlook for the next 5-year period is at 5.00% per year.

SVM Dividends

Silvercorp Metals Inc. is expected to release its next quarterly earnings report between February 02 and February 07. The 1.23% annual yield figure for the share gives it an annual dividend of 0.03. It is important to note, however, that the 1.23% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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

If we look at who the major shareholders are, we find that insiders hold 4.30% of Silvercorp Metals Inc. shares while 35.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.98%. There are 35.38% institutions holding the Silvercorp Metals Inc. stock share, with Van Eck Associates Corporation the top institutional holder. As of Mar 30, 2022, the company held 10.59% of the shares, roughly 18.74 million SVM shares worth $67.84 million.

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

Among Mutual Funds, the top two as of Jun 29, 2022 were VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. With 9.38 million shares estimated at $23.27 million under it, the former controlled 5.30% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 4.33% of the shares, roughly 7.66 million shares worth around $18.99 million.

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