Silvercorp Metals Inc. [AMEX: SVM] stock went on an upward path that rose over 9.25% on Tuesday, amounting to a one-week price decrease of less than 0.00%. The company report on December 1, 2020 that Silvercorp Files Final Base Shelf Prospectus.
Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announced it has filed a final short form base shelf prospectus (with the securities regulators in each province of Canada, except for the Province of Quebec, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission. The prospectus and registration statement allows the Company to offer up to US$200 million of common shares, preferred shares, debt securities, warrants, subscription receipts or any combination thereof (“Securities”) during the 25 month period that the shelf prospectus is effective. The specific terms of any offering of Securities, including the use of proceeds from any offering, will be set forth in a shelf prospectus supplement.
Silvercorp has filed the shelf prospectus and corresponding registration statement in order to provide the Company with greater financial flexibility going forward but has no immediate plans to offer or issue any Securities at this time.
Over the last 12 months, SVM stock rose by 13.28%. The one-year Silvercorp Metals Inc. stock forecast points to a potential downside of -74.43. The average equity rating for SVM stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.10 billion, with 174.69 million shares outstanding and 168.31 million shares in the current float. Compared to the average trading volume of 1.34M shares, SVM stock reached a trading volume of 1762078 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Silvercorp Metals Inc. [SVM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SVM shares is $3.52 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SVM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Alliance Global Partners have made an estimate for Silvercorp Metals Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 20, 2020. The new note on the price target was released on March 11, 2020, representing the official price target for Silvercorp Metals Inc. stock. Previously, the target price had yet another raise from $4.25 to $4.35, while Alliance Global Partners kept a Neutral rating on SVM stock.
The Average True Range (ATR) for Silvercorp Metals Inc. is set at 0.35, with the Price to Sales ratio for SVM stock in the period of the last 12 months amounting to 6.60. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 1.12. Price to Free Cash Flow for SVM in the course of the last twelve months was 13.63 with Quick ratio for the last quarter at 4.70.
SVM Stock Performance Analysis:
Silvercorp Metals Inc. [SVM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, SVM shares dropped by -19.21% in over the last four-week period, additionally plugging by 31.48% over the last 6 months – not to mention a rise of 13.28% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SVM stock in for the last two-week period is set at 45.18, with the RSI for the last a single of trading hit 48.84, and the three-weeks RSI is set at 44.38 for Silvercorp Metals Inc. [SVM]. The present Moving Average for the last 50 days of trading for this stock 6.92, while it was recorded at 5.86 for the last single week of trading, and 5.84 for the last 200 days.
Insight into Silvercorp Metals Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Silvercorp Metals Inc. [SVM] shares currently have an operating margin of +30.33 and a Gross Margin at +36.84. Silvercorp Metals Inc.’s Net Margin is presently recorded at +21.58.
Return on Total Capital for SVM is now 10.82, given the latest momentum, and Return on Invested Capital for the company is 9.20. Return on Equity for this stock inclined to 9.22, with Return on Assets sitting at 6.48. When it comes to the capital structure of this company, Silvercorp Metals Inc. [SVM] has a Total Debt to Total Equity ratio set at 0.56. Additionally, SVM Total Debt to Total Capital is recorded at 0.56, with Total Debt to Total Assets ending up at 0.40. Long-Term Debt to Equity for the company is recorded at 0.41, with the Long-Term Debt to Total Capital now at 0.41.
Reflecting on the efficiency of the workforce at the company, Silvercorp Metals Inc. [SVM] managed to generate an average of $50,792 per employee. Receivables Turnover for the company is 35.06 with a Total Asset Turnover recorded at a value of 0.30.Silvercorp Metals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 4.80.
SVM Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SVM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Silvercorp Metals Inc. go to 5.00%.
Silvercorp Metals Inc. [SVM] Insider Position Details
There are presently around $361 million, or 26.80% of SVM stock, in the hands of institutional investors. The top three institutional holders of SVM stocks are: VAN ECK ASSOCIATES CORP with ownership of 19,077,407, which is approximately 6.733% of the company’s market cap and around 3.80% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 5,201,196 shares of the stock with an approximate value of $29.23 million in SVM stocks shares; and MERIAN GLOBAL INVESTORS (UK) LTD, currently with $28.09 million in SVM stock with ownership of nearly New of the company’s market capitalization.
Positions in Silvercorp Metals Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 59 institutional holders increased their position in Silvercorp Metals Inc. [AMEX:SVM] by around 14,614,165 shares. Additionally, 51 investors decreased positions by around 7,175,398 shares, while 20 investors held positions by with 36,975,089 shares. The mentioned changes placed institutional holdings at 58,764,652 shares, according to the latest SEC report filing. SVM stock had 26 new institutional investments in for a total of 9,657,873 shares, while 17 institutional investors sold positions of 1,356,683 shares during the same period.