Silvercorp Metals(SVM)
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SILVERCORP ANNOUNCES OFFERING OF US$130 MILLION CONVERTIBLE SENIOR NOTES
Prnewswire· 2024-11-19 21:15
Trading Symbol: TSX: SVM NYSE AMERICAN: SVMVANCOUVER, BC, Nov. 19, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced that it has commenced a private placement offering of US$130,000,000 aggregate principal amount of convertible senior notes due 2029 (the "Notes" and the "Offering"). The Company intends to grant the initial purchasers of the Notes an option to purchase up to an additional US$20,000,000 aggre ...
Should Value Investors Buy Silvercorp Metals (SVM) Stock?
ZACKS· 2024-11-12 15:45
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find s ...
Silvercorp Declares Semi-Annual Dividend of US$0.0125 Per Share
Prnewswire· 2024-11-11 22:05
Trading Symbol TSX: SVM NYSE AMERICAN: SVMVANCOUVER, BC, Nov. 11, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on November 29, 2024, with a payment date of the dividend scheduled on or before December 13, 2024. The dividends are consi ...
Silvercorp Metals(SVM) - 2024 Q2 - Quarterly Report
2024-11-08 21:05
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Silvercorp (SVM) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-11-08 01:01
Company Performance - Silvercorp reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and up from $0.07 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $68 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.15%, and compared to year-ago revenues of $53.99 million [2] - Over the last four quarters, Silvercorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Silvercorp shares have increased approximately 68.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the coming quarter is $0.08 on revenues of $80.9 million, and for the current fiscal year, it is $0.34 on revenues of $277.4 million [7] Earnings Outlook - The estimate revisions trend for Silvercorp is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] Industry Context - The Mining - Miscellaneous industry, to which Silvercorp belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]
Here is Why Growth Investors Should Buy Silvercorp (SVM) Now
ZACKS· 2024-10-25 17:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...
Silvercorp (SVM) Soars 7.4%: Is Further Upside Left in the Stock?
ZACKS· 2024-10-21 11:25
Silvercorp (SVM) shares rallied 7.4% in the last trading session to close at $5.06. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.5% gain over the past four weeks.Silvercorp recently reported production and sales figures for the second quarter of fiscal 2025 (ended Sept. 30, 2024). Revenues were up 26% year over year to $68 million.The company produced 1.7 million ounces of silver in the quarter, an inc ...
Silvercorp Reports Operational Results and Financial Results Release Date for the Second Quarter, Fiscal 2025
Prnewswire· 2024-10-15 21:39
Trading Symbol: TSX/NYSE American: SVMVANCOUVER, BC, Oct. 15, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports production and sales figures for the second quarter of fiscal 2025 ended September 30, 2024 ("Q2 Fiscal 2025"). Silvercorp expects to release its Q2 Fiscal 2025 unaudited financial results on Thursday, November 7, 2024, after market close.Q2 Fiscal 2025 Operational Results Revenue of approximately $68.0 million, an increa ...
Are You Looking for a Top Momentum Pick? Why Silvercorp (SVM) is a Great Choice
ZACKS· 2024-10-15 17:05
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of capitalizing on established price movements for profitable trades [1] Group 1: Company Overview - Silvercorp (SVM) currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [1] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a strong historical performance [2] Group 2: Performance Metrics - Over the past week, SVM shares increased by 6.81%, while the Zacks Mining - Miscellaneous industry saw a decline of 0.15% [3] - In the last month, SVM's price change was 22.78%, outperforming the industry's 7.34% [3] - Over the past quarter, SVM shares rose by 31.08%, and over the last year, they increased by 109.96%, compared to the S&P 500's gains of 4.68% and 37.19% respectively [4] Group 3: Trading Volume - SVM's average 20-day trading volume is 3,551,027 shares, which serves as a bullish indicator when combined with rising stock prices [4] Group 4: Earnings Outlook - In the past two months, two earnings estimates for SVM have been revised upwards, increasing the consensus estimate from $0.24 to $0.35 [5] - For the next fiscal year, one estimate has moved upwards with no downward revisions noted [5] Group 5: Conclusion - Given the positive momentum indicators and earnings outlook, SVM is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [6]
Looking for a Growth Stock? 3 Reasons Why Silvercorp (SVM) is a Solid Choice
ZACKS· 2024-10-09 17:48
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...