Silvercorp (SVM, $5.21) posts fiscal Q1 production figures
Silvercorp Metals Inc. posted production and sales figures for the quarter ended June, 2021.
The company produced approximately 1.5 million ounces of silver, 1,000 ounces of gold, 15.9 million pounds of lead, and 7.2 million pounds of zinc. It sold approximately 1.6 million ounces of silver, 1,000 ounces of gold, 16.8 million pounds of lead, and 7.3 million pounds of zinc, thereby implying year-over-year decreases of -12%, -9%, and -20%, respectively, in silver, gold and lead sold, and an increase of +4% in zinc sold.
The quarter’s production decrease was largely due to Silvercorp’s mining contracts renewal negotiations at the Ying Mining District. On March 31, 2021, the company's two-year mining contracts with the eight mining contractors at the Ying Mining District expired and the parties reached a temporary two-month extension. During negotiations, some contract workers took breaks or left leading to some disruption in mining activity. When the contracts were renewed for an additional two year term in mid May 2021, it took some time for the contractors to boost the operations back up to full capacity.
Nevertheless, Silvercorp. expects to increase production in the remaining three quarters. It projects annual production between 6.3 - 6.6 million ounces of silver, 65.7 – 68.9 million pounds of lead, and 26.9 – 28.5 million pounds of zinc in Fiscal 2022.
SVM in downward trend: 10-day moving average crossed below 50-day moving average on May 17, 2023
The 10-day moving average for SVM crossed bearishly below the 50-day moving average on May 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SVM as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
SVM moved below its 50-day moving average on May 11, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SVM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SVM entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SVM's RSI Indicator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where SVM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SVM advanced for three days, in of 243 cases, the price rose further within the following month. The odds of a continued upward trend are .
SVM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SVM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.140) is normal, around the industry mean (21.072). P/E Ratio (26.247) is within average values for comparable stocks, (66.339). SVM's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (5.090). Dividend Yield (0.008) settles around the average of (0.047) among similar stocks. P/S Ratio (2.709) is also within normal values, averaging (143.863).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SVM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a miner for metals and mineral properties in china
Industry PreciousMetals
SVM and
Correlation & Price change
A.I.dvisor indicates that over the last year, SVM has been closely correlated with EXK. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if SVM jumps, then EXK could also see price increases.
