Silvercorp Metals Inc. (AMEX:SVM) is expected to report second quarter earnings results, after market close, on Thursday 5th November 2020.
Previous Quarter Performance
Silvercorp Metals Inc. came out with income for the first quarter of $ 0.09 per share, from the revenue of $ 46.70 million. The quarterly earnings 28.57 percent while revenues gained 2.46 percent compared with the same quarter last year.
Wall street analysts are predicting, SVM to report 1Q21 income of $ 0.04 per share from revenue of $ 35.00 million. The bottom line results beat street analysts by $ 0.05 or 125.00 percent, at the same time, top line results outshined analysts by $ 11.70 million or 33.43 percent.
Stock Performance
Shares of Silvercorp Metals Inc. traded low $ -0.36 or -4.96 percent on Wednesday, reaching $ 6.90 with volume of 1.20 million shares. Silvercorp Metals Inc. has traded high as $ 7.24 and has cracked $ 6.84 on the downward trend
The closing price of $ 6.90, representing a 384.00 % increase from the 52 week low of $ 1.50 and a 18.52 % decrease over the 52 week high of $ 8.91.
The company has a market capital of $ 1.20 billion and is part of the Basic Materials sector and Silver industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Roth Capital at Buy rating, with $ 9.50 target price.
Silvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of silver and related mineral properties in China. Its flagship project is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
