Silvercorp Metals Inc. (AMEX: SVM) stock fell -3.07% on Friday to $2.53 against a previous-day closing price of $2.61. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.22 million shares. During the session, the Silver company that operates in wider Basic Materials sector, reached to the highest price of $2.6250 whereas the lowest price it dropped to was $2.5100. The 52-week range on SVM shows that it touched its highest point at $5.04 and its lowest point at $2.21 during that stretch. With its current market cap of 417.93 million, SVM has annualized dividend of $0.03 while the current yield stands at 0.99%. Beta for the stock currently stands at 0.94.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SVM was up-trending over the past week, with a rise of 3.27%, but this was up by 5.42% over a month. Three-month performance dropped to -17.59% while six-month performance fell -23.80%. The stock lost -48.58% in the past year, while it has lost -32.71% so far this year. A look at the trailing 12-month EPS for SVM yields 0.17 with Next year EPS estimates of 0.22. For the next quarter, that number is 0.07. This implies an EPS growth rate of -34.40% for this year and -18.52% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.60%.
Float and Shares Shorts:
At present, 177.09 million SVM shares are outstanding with a float of 169.75 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.15 million, which was 0.65% higher than short shares on Jun 14, 2022. In addition to Dr. Rui Feng Ph.D. as the firm’s Chairman & CEO, Mr. Zhihua Liu CGA, M.Econ, USCPA serves as its Chief Financial Officer.
Through their ownership of 35.38% of SVM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of SVM, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 5.27% stake in SVM, the VanEck Gold Miners ETF is the largest stakeholder. A total of 9,335,152 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.35% of SVM stock, is the second-largest Mutual Fund holder. It holds 7,699,373 shares valued at 19.09 million. ETFMG Prime Junior Silver ETF holds 2.83% of the stake in SVM, owning 5,002,355 shares worth 12.41 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SVM since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SVM analysts setting a high price target of $10.00 and a low target of $2.91, the average target price over the next 12 months is $5.38. Based on these targets, SVM could surge 295.26% to reach the target high and rise by 15.02% to reach the target low. Reaching the average price target will result in a growth of 112.65% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SVM will report FY 2023 earnings on 05/25/2023. Analysts have provided yearly estimates in a range of $0.27 being high and $0.09 being low. For SVM, this leads to a yearly average estimate of $0.22. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Silvercorp Metals Inc. surprised analysts by -$0.02 when it reported $0.02 EPS against a consensus estimate of $0.04. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.07.
Summary of Insider Activity:
Insiders traded SVM stock several times over the past three months with 17 Buys and 5 Sells. In these transactions, 532,061 shares were bought while 360,356 shares were sold. The number of buy transactions has increased to 87 while that of sell transactions has risen to 43 over the past year. The total number of shares bought during that period was 1,524,937 while 899,274 shares were sold.