Silvercorp Metals(SVM)
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SVM Declines 33.4% in a Month: How Should You Play the Stock Now?
ZACKS· 2024-11-28 18:31
Silvercorp Metals (SVM) had a challenging month, plunging 34.7%, significantly underperforming the industry’s decline of 6.2%. Meanwhile, the Zacks Basic Materials sector has slipped 3.4%, while the S&P 500 has risen 3.3%.The SVM stock first witnessed a 10% fall in a day following SVM’s second-quarter fiscal 2025 results on Nov. 7. This also coincided with the Fed announcing a rate cut that weighed on commodity prices. Disappointing stimulus measures from China might also have affected the stock’s performan ...
SILVERCORP ANNOUNCES CLOSING OF US$150 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2024-11-25 16:05
Core Viewpoint - Silvercorp Metals Inc. has successfully closed a private placement offering of US$150,000,000 in convertible senior notes, which will be used for various mining projects and working capital [1]. Group 1: Offering Details - The offering consists of 4.75% convertible senior notes due in 2029, including an additional US$20,000,000 from the initial purchasers' option [1]. - The notes are being offered on a private placement basis and are not registered under the U.S. Securities Act or any state securities laws [2]. Group 2: Company Background - Silvercorp Metals Inc. is a Canadian mining company engaged in the production of silver, gold, lead, and zinc from its operations in China [4]. - The company also has development-stage and exploration-stage projects, including the Curipamba copper-gold project in Ecuador [4].
Silvercorp Metals: Prospects Are Solid And Shares Are Trading Very Attractively
Seeking Alpha· 2024-11-22 09:22
Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the ...
SILVERCORP ANNOUNCES PRICING OF US$130 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2024-11-21 08:01
Trading Symbol: TSX: SVM NYSE AMERICAN: SVMVANCOUVER, BC, Nov. 21, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced that it has priced its previously announced private placement offering of US$130,000,000 aggregate principal amount of 4.75% convertible senior notes due 2029 (the "Notes" and the "Offering"). The Company also granted the initial purchasers of the Notes an option to purchase up to an addit ...
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 ...