Streetbeat News

SVM

Silvercorp Metals Inc.

https://www.silvercorpmetals.com

Industry

Silver

Silvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.

Open

3.91

Mkt cap

848M

Volume

4.7M

High

3.96

P/E Ratio

13.45

52-wk high

5.32

Low

3.83

Div yield

0.01

52-wk low

2.22

Roth MKM analyst Joe Reagor has reiterated a Buy rating on Silvercorp Metals (AMEX:SVM) and raised the price target from $5.75 to $6.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 12:22 pm

Roth MKM analyst Joe Reagor maintains a Buy rating on Silvercorp Metals (AMEX:SVM) but lowers the price target from $6.5 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:50 pm

Silvercorp Metals Inc. forecasts production of 7,900 to 9,000 ounces of gold, 6.8 to 7.2 million ounces of silver, 64.2 to 69.3 million pounds of lead, and 27.1 to 30.1 million pounds of zinc for the fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:34 pm

Silvercorp Metals Inc. reported a significant increase in its Q4 gold production, up 92% year-over-year to 1,916 ounces, and an 11% increase in silver equivalent production to 1.3 million ounces.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:33 pm

Shares of precious metals stocks are trading lower due to a decrease in the price of gold and silver, affecting a broad range of companies in the sector.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:51 am

Silvercorp Metals Inc. did not achieve the required 50.1% acceptance for its bid to acquire Orecorp and has decided not to match a competing offer. However, Silvercorp will still be entitled to a break fee of about AUD$2.8 million under certain conditions outlined in the BID.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:45 am

Silvercorp Metals Inc. has extended its off-market takeover bid for all ordinary shares of OreCorp Limited to March 22, 2024. The offer competes with Perseus Mining Limited's bid, which faces delays in obtaining necessary merger control approval from the Fair Competition Commission of Tanzania. Silvercorp's offer includes a condition waiver that Perseus has not matched, potentially making Silvercorp's bid more attractive to OreCorp shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:52 pm

Silvercorp Metals (AMEX:SVM) reported Q3 2024 adjusted EPS of $0.06, surpassing the $0.05 estimate, with sales of $58.51M exceeding the $56.55M estimate. This represents a slight 0.24% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:30 pm

Numerous companies are scheduled to report their quarterly earnings on February 8, 2024, with a mix of expected profits and losses across various sectors. Notable mentions include Ares Management, ArcelorMittal, and AstraZeneca among others, indicating a broad spectrum of financial health and industry performance.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 9:43 am

Silvercorp Metals has received unconditional approval from the Tanzanian FCC for its takeover of OreCorp. An independent expert appointed by OreCorp deemed the Silvercorp offer fair and reasonable, in the absence of a superior proposal. All OreCorp directors have accepted the Silvercorp offer.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:02 am

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