Recommendation: Speculative Buy
| Entry Date | Symbol | Recommendation | Entry Price (CAD) | Target 1 (CAD) | Target 2 (CAD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 15 Oct, 25 | SVM | Speculative Buy | CAD 9.61 | CAD 10.2 | CAD 10.35 | 1 day | Closed |
7.70%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Silvercorp Metals Inc., together with its subsidiaries, acquires, explores, develops, and mines mineral properties in China. It explores for copper, silver, gold, lead, and zinc metals. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is based in Vancouver, Canada.
Higher Cash from Operating Activities: USD 48.2 mn in Q1 2026 vs USD 39.9 mn in Q1 2025
Higher Revenue: USD 81.3 mn in Q1 2026 vs USD 72.1 mn in Q1 2025
Lower Net Income: USD 18.1 mn in Q1 2026 vs USD 21.9 mn in Q1 2025
Lower EBITDA: USD 33.7 mn in Q1 2026 vs USD 34.3 mn in Q1 2025
Volatility in the commodity price , Regulatory risks, Trade tariffs, Inflationary pressures, Lower cash flows, etc
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 9.61 | 9.0 | 10.2 | 10.35 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Revenue Growth and Stable Profitability: The company delivered 13% revenue growth year-over-year, reaching USD 81.3 million in Q1 Fiscal 2026, driven by higher silver and gold sales volumes and significant price improvements (12% for silver and 45% for gold). Despite cost pressures, adjusted net income remained healthy at USD 21.0 million, demonstrating effective cost management and operational resilience.
Robust Cash Generation: The operating cash flow increased to USD 48.3 million, up 21% year-over-year, supporting free cash flow of USD 22.5 million even after funding development at the El Domo and Condor projects. The company ended the quarter with a healthy cash position of USD 377.1 million and an additional USD 72.2 million in equity investments, ensuring decent liquidity and financial flexibility for future growth initiatives.
Operational Growth and Strategic Expansion: Production increased across key metals — notably 6% more silver and 79% more gold, reflecting operational improvements and asset optimization. The successful integration of Adventus Mining Corporation and the advancement of the El Domo project position the company for diversified future production and long-term growth, supported by a USD 175 million stream financing commitment from Wheaton Precious Metals International.
Considering the expected valuation upside, revenue growth and stable profitability, recent rise in commodities prices, cash generation and strengthened balance sheet, current trading levels and key business risks, a ‘Speculative Buy’ recommendation has been given on the stock at the last closing price of CAD 9.61, as on October 14, 2025.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Basic Materials Industry: Silver
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SVM Silvercorp Metals Inc |
0.14 1.19% | 11.95 | 26.00 | 19.38 | 6.28 | 2.11 | 4.09 | 8.82 |
| AG First Majestic Silver Corp |
0.08 0.35% | 22.62 | - | 44.84 | 10.45 | 2.38 | 6.84 | 18.70 |
| DSV Discovery Silver Corp. |
0.33 3.76% | 9.11 | - | 19.42 | 30.06 | 5.79 | 20.37 | 71.93 |
| EDR Endeavour Silver Corp. |
0.11 0.86% | 12.92 | - | 12.22 | 13.26 | 4.23 | 9.38 | 31.00 |
| AYA Aya Gold & Silver Inc |
-0.29 1.45% | 19.72 | - | 30.12 | 22.54 | 4.42 | 18.26 | 246.18 |
Data Powered by EOD Historical Data (“EODHD”).
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on October 14, 2025. The reference data in this report has been partly sourced from REFINITIV.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer :
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