Silvercorp Metals (NYSEAMERICAN:SVM) announced its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01, Fidelity Earnings reports. Silvercorp Metals had a net margin of 11.70% and a return on equity of 3.84%. The business had revenue of $45.13 million for the quarter, compared to analyst estimates of $40.50 million.
Silvercorp Metals traded down $0.14, reaching $2.72, on Friday, Marketbeat.com reports. 263,100 shares of the company were exchanged, compared to its average volume of 356,042. Silvercorp Metals has a 12 month low of $2.12 and a 12 month high of $3.43.
A number of equities analysts recently issued reports on SVM shares. BMO Capital Markets started coverage on shares of Silvercorp Metals in a research report on Thursday, May 31st. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of Silvercorp Metals from a “hold” rating to a “sell” rating in a research report on Thursday, May 31st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $3.13.
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal 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.
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