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SVM $3.6

SVM target price
3.60
0
0
Silvercorp Metals Inc.
Type
Public
Traded as
  • TSX: SVM
  • NYSE: SVM
Industry Mining & Exploration
Founded October 31, 1991
Spokane Resources Ltd.
Headquarters Vancouver, Canada
Area served
China, Canada
Key people
Rui Feng chair,ceo
Myles Jianguo Gao pres,coo,dir
Products Silver Lead Zinc
Number of employees
800 (Dec'10)
Divisions Yangtze Mining Co. Ltd
Yangtze Gold Ltd.
Website www.silvercorpmetals.com

Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China focused precious metals company engaged in the acquisition, exploration, and development of silver containing properties.

It is China's largest primary silver producer. The company is publicly traded on the Toronto Stock Exchange in Canada and the NYSE in the U.S.

As of 2009, Silvercorp Metals was operating and developing four silver/lead/zinc mines in an area encompassing the Ying silver/lead/zinc project, Hou Ping Gou project, the TLP silver/lead project and the Long Men project (the Ying Mining District), owned through its 77.5% and 70% Chinese subsidiary companies, respectively.

Silvercorp Metals' other material property, the Gaocheng project in Guangdong Province, owned through a 95% Chinese subsidiary company, has not reached commercial production and is in the exploration stage.

During the month of December in 2009, Shehzad inc. acquired 12% of SIlvercorp Metals over a period of a week. Shehzad inc. manages the equities and investing on behalf of Silvercorp.

Yangtze Mining Ltd. holds a 95% interest in Anhui Yangtze Mining Co. Ltd., the Chinese company holding silver, lead and zinc exploration permits on the Gaocheng project and Shimentou project in the Guangdong Province. In June 2008, Silvercorp Metals acquired Yangtze Gold Ltd.

The company started out as a minor explorer trading on the TSX venture exchange from November 1991 to October 2005 (was incorporated under the British Columbia Company Act in 1991). At first it was known as Spokane Resources Ltd until 2001 when it was renamed SKN Resources Ltd. In 2005, the same year it graduated from the TSX Venture Exchange to the larger Toronto exchange, it adopted its current name. In 2006, Silvercorp donated RMB1.25 million towards the construction of a youth center in Luoning County, Henan Province, China.

In 2011 a Canadian-nationalized Chinese, Kun Huang, investigated Silvercorp for his employer EOSfunds and found strong differences between their reports filed in China and in Canada. Further investigation lead to further proofs for fraud, e.g. regarding the reported amount of silver produced. As reaction of detecting the fraud Mr. Huang was convicted and imprisoned in China for his investigation. After release Mr Huang pressed charges against Silvercorp in Canada for false imprisonment.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2022 2022-11-02 Future report Set alerts
Q1 2022 2022-08-11 0.00 0.00
Q4 2021 2022-05-26 0.05 0.05
Q3 2021 2022-02-08 0.07 0.07
Q2 2021 2021-11-04 0.08 0.08
Q1 2021 2021-08-05 0.00 0.00
Q4 2020 2021-05-20 0.05 0.05
Q3 2020 2021-02-04 0.05 0.05
Q2 2020 2020-11-05 0.00 0.00
Q1 2020 2020-08-06 0.06 0.09

Ratings

2015-07-24 Downgrade Raymond James Outperform to Market Perform $1.90 to $1.20
2014-11-24 Upgrade Raymond James Market Perform to Outperform $2.00
2014-05-26 Reiterated Rating Raymond James Market Perform $2.80 to $2.30
2013-11-01 Downgrade Raymond James Outperform to Market Perform $5.00 to $4.00
2011-01-18 Upgrade BMO Capital Markets Market Perform to Outperform $13.25 to $15
2010-11-26 Downgrade BMO Capital Markets Outperform to Market Perform $11.25 to $13.25
2009-11-09 Initiated Rodman & Renshaw Mkt Outperform $7.50
1970-01-01
2015-07-24 Downgrade Raymond James Outperform to Market Perform $1.90 to $1.20
2014-11-24 Upgrade Raymond James Market Perform to Outperform $2.00
2014-05-26 Reiterated Rating Raymond James Market Perform $2.80 to $2.30
2013-11-01 Downgrade Raymond James Outperform to Market Perform $5.00 to $4.00
2011-01-18 Upgrade BMO Capital Markets Market Perform to Outperform $13.25 to $15

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In SVM 0 funds of 2213 total. Show all

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Major Shareholders

Name Relationship Total Shares Holding stocks