10 Most Undervalued Silver Mining Stocks to Buy According to Analysts

3. Silvercorp Metals Inc. (AMEX:SVM)

Average Upside Potential: 36.60%

Number of Hedge Fund Holders: 14

Forward P/E ratio: 9.26

Silvercorp Metals Inc. (AMEX:SVM) is a Canadian silver mining company that specializes in the acquisition, exploration, development, and mining of precious and base metals in China. It is positioned as one of the leading silver mining stocks due to its primary asset, the Ying Silver-Lead-Zinc Mine. Silvercorp Metals is one of the most undervalued stocks to buy.

Fueled by a 16% year-over-year increase in silver production and higher silver prices, Silvercorp recorded a 43% increase in revenue, reaching $84 million for the year ended December 31, 2024. Despite high energy and labor costs, revenue was boosted by the average realized silver price in Q4, which stood at $24.15 per ounce, offsetting some cost pressures.

However, net income more than doubled to $26 million, or $0.12 per share, in the fourth quarter, compared to the third quarter’s $11 million, or $0.05 per share. Factors such as favorable silver and zinc prices have supported this growth. Silvercorp Metals Inc. (AMEX:SVM)’s increase in profitability was backed by its ability to maintain strong operating margins amid cost inflation.

Furthermore, the company expanded its Ying Mine by 60% during the quarter, a move expected to drive growth in 2025. To support its long-term growth, it has also made significant discoveries through exploration efforts. In addition, to help broaden its portfolio and reduce dependence on silver prices, Silvercorp Metals Inc. (AMEX:SVM) is moving ahead with its international expansion with the El Domo copper-gold project in Ecuador.

For fiscal year 2025, the company forecasts silver production between 6.7 and 7.2 million ounces, driven by the expanded Ying Mine. With an emphasis on lowering energy costs, the company remains focused on maintaining cost discipline. Silvercorp Metals Inc. (AMEX:SVM) is well-positioned for continued development and strategic investment in 2025 and beyond.