Silvercorp Metals Inc. to Issue Semi-Annual Dividend of $0.02 (TSE:SVM)

Silvercorp Metals Inc. (TSE:SVM) declared a Semi-Annual dividend on Monday, November 11th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.017 per share on Friday, December 13th. The ex-dividend date of this dividend is Friday, November 29th.

Silvercorp Metals Trading Down 0.2 %

Silvercorp Metals stock traded down C$0.01 during mid-day trading on Wednesday, hitting C$5.47. The company’s stock had a trading volume of 499,228 shares, compared to its average volume of 418,566. The business has a 50 day moving average price of C$6.01 and a 200-day moving average price of C$5.32. Silvercorp Metals has a 12 month low of C$2.98 and a 12 month high of C$7.34. The stock has a market cap of C$1.19 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43.

Silvercorp Metals (TSE:SVM) last issued its earnings results on Tuesday, August 13th. The company reported C$0.16 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.04. The company had revenue of C$98.74 million during the quarter, compared to analysts’ expectations of C$98.53 million. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. As a group, analysts forecast that Silvercorp Metals will post 0.5394046 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James lifted their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st. BMO Capital Markets upped their price objective on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th.

Insider Transactions at Silvercorp Metals

In related news, Director Yikang Liu sold 3,800 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. In other news, Senior Officer Derek Zhihua Liu sold 52,500 shares of Silvercorp Metals stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$5.32, for a total value of C$279,247.50. Also, Director Yikang Liu sold 3,800 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of C$7.00, for a total transaction of C$26,600.00. In the last ninety days, insiders sold 112,893 shares of company stock valued at $639,929. Company insiders own 3.67% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.