Silvercorp Metals Inc. (SVM) To Go Ex-Dividend on November 29th

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) announced a semi-annual dividend on Monday, November 11th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.0125 per share on Friday, December 13th. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, November 29th.

Silvercorp Metals has a dividend payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Silvercorp Metals to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 9.7%.

Silvercorp Metals Trading Down 1.0 %

Shares of NYSEAMERICAN:SVM opened at $3.31 on Wednesday. Silvercorp Metals has a 12-month low of $2.22 and a 12-month high of $5.32. The company has a market cap of $719.04 million, a price-to-earnings ratio of 11.52 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $68.00 million for the quarter, compared to analyst estimates of $67.90 million. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. Equities analysts expect that Silvercorp Metals will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their target price on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a research report on Wednesday, August 21st.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.