Silvercorp Metals Surges to Top Tier in Benzinga Rankings Amid Silver Price Breakout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Benzinga
- Ranking Surge: Silvercorp Metals' quality score jumped from 74.43 to 90.10, indicating a significant improvement in its fundamentals relative to peers, reflecting strong operational efficiency and financial health.
- Strong Momentum: The company's momentum score reached 98.88, placing it in the top percentile of all tracked stocks, confirming its relative strength and volatility patterns outperforming the broader market and indicating a sustained upward trajectory.
- Silver Price Support: Spot silver prices surged 6.34% to $110.44 at the time of publication, approaching new all-time highs near $117.73, which has propelled Silvercorp's stock price upward.
- Earnings Expectations: Analysts anticipate that Silvercorp's upcoming earnings report on February 9 will show an EPS of $0.19, nearly double the previous period's $0.10, with revenue forecasts of $124.66 million compared to $83.61 million previously.
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Analyst Views on SVM
Wall Street analysts forecast SVM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SVM is 8.82 USD with a low forecast of 8.65 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.100
Low
8.65
Averages
8.82
High
9.00
Current: 12.100
Low
8.65
Averages
8.82
High
9.00
About SVM
Silvercorp Metals Inc. is a Canadian mining company producing silver, gold, lead, and zinc. The Company is engaged in the acquisition, exploration, development, and mining of mineral properties. The Company’s producing mines are located in China and exploration and development projects are located in China and Ecuador. In the Ying Mining District, it has about seven underground mines (SGX, HZG, HPG, TLP, LME, LMW and DCG) and two processing plants. The GC silver-lead-zinc mine is located approximately 200 km west of Guangzhou, the capital city of Guangdong Province, China. El Domo project is a copper-gold mine under construction in central Ecuador, approximately 150 km northeast of the major port city of Guayaquil. The BYP Mine is located approximately 220 km southwest of Changsha, the capital city of Hunan Province, China. Condor project is located in one of Ecuador's developed mining regions. It also has interest in Tulkubash/Kyzyltash Gold Projects, Kyrgyzstan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Silvercorp Completes Acquisition of ZAAV
- Acquisition Completed: Silvercorp has successfully completed the acquisition of Chaarat ZAAV CJSC, with a payment of $92 million, marking a significant expansion in the Central Asian market and enhancing its resource base and market position.
- Joint Venture Formation: Under the agreement, ZAAV will be converted into a joint venture with Kyrgyzaltyn, with Silvercorp holding a 70% stake and acting as the operator, which will help optimize resource management and improve operational efficiency.
- Mining License Extension: The joint venture plans to extend the mining license validity from 2032 to 2062, with Silvercorp set to pay $60 million to the National Investment Agency, ensuring long-term mining development and revenue stability.
- Legal Support: King & Wood Mallesons acted as lead legal counsel for the transaction, ensuring compliance and smooth execution, further enhancing Silvercorp's legal protection and reputation in international markets.
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Silvercorp Metals Surges to Top Tier in Benzinga Rankings Amid Silver Price Breakout
- Ranking Surge: Silvercorp Metals' quality score jumped from 74.43 to 90.10, indicating a significant improvement in its fundamentals relative to peers, reflecting strong operational efficiency and financial health.
- Strong Momentum: The company's momentum score reached 98.88, placing it in the top percentile of all tracked stocks, confirming its relative strength and volatility patterns outperforming the broader market and indicating a sustained upward trajectory.
- Silver Price Support: Spot silver prices surged 6.34% to $110.44 at the time of publication, approaching new all-time highs near $117.73, which has propelled Silvercorp's stock price upward.
- Earnings Expectations: Analysts anticipate that Silvercorp's upcoming earnings report on February 9 will show an EPS of $0.19, nearly double the previous period's $0.10, with revenue forecasts of $124.66 million compared to $83.61 million previously.
Continue Reading