172 institutions hold shares in Silvercorp Metals Inc. (SVM), with 6.97M shares held by insiders accounting for 3.97% while institutional investors hold 36.22% of the company’s shares. The shares outstanding are 175.26M, and float is at 168.48M with Short Float at 0.91%. Institutions hold 34.78% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 20.29 million shares valued at $135.73 million. The investor’s holdings represent 11.55% of the SVM Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 5.29 million shares valued at $35.38 million to account for 3.01% of the shares outstanding. The other top investors are Connor Clark & Lunn Investment Management Ltd which holds 4.7 million shares representing 2.67% and valued at over $31.43 million, while ETF Managers Group, LLC holds 2.02% of the shares totaling 3.56 million with a market value of $23.79 million.
Silvercorp Metals Inc. (AMEX: SVM) is -20.33% lower on its value in year-to-date trading and has touched a low of $3.65 and a high of $8.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SVM stock was last observed hovering at around $5.44 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $7.93 for the next 12 months. It is also 39.36% off the consensus price target high of $8.79 offered by 4 analysts, but current levels are 11.9% higher than the price target low of $6.05 for the same period.
Currently trading at $5.33, the stock is -0.71% and -1.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -2.02% at the moment leaves the stock -19.75% off its SMA200. SVM registered 30.64% gain for a year compared to 6-month loss of -27.48%. The firm has a 50-day simple moving average (SMA 50) of $5.47 and a 200-day simple moving average (SMA200) of $6.45.
The stock witnessed a 14.87% gain in the last 1 month and extending the period to 3 months gives it a -12.91%, and is -2.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.96% over the week and 4.42% over the month.
Silvercorp Metals Inc. (SVM) has around 1207 employees, a market worth around $940.48M and $175.20M in sales. Current P/E ratio is 22.21 and Fwd P/E is 14.81. Profit margin for the company is 24.30%. Distance from 52-week low is 46.03% and -40.18% from its 52-week high. The company has generated returns on investments over the last 12 months (11.70%).
Silvercorp Metals Inc. (SVM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Silvercorp Metals Inc. (SVM) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Silvercorp Metals Inc. is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $35M over the same period.The EPS is expected to shrink by -15.50% this year, but quarterly earnings will post 1.90% year-over-year.
Silvercorp Metals Inc. (SVM): Who are the competitors?
The company’s main competitors (and peers) include Alexco Resource Corp. (AXU) that is trading 62.57% up over the past 12 months. Endeavour Silver Corp. (EXK) is 222.94% up on the 1-year trading charts. Short interest in the company’s stock has risen 25.73% from the last report on Apr 14, 2021 to stand at a total of 1.53 million short shares sold with a short interest ratio of 1.26.