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

Silvercorp Metals Inc. (TSE:SVM) announced 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 is Friday, November 29th.

Silvercorp Metals Stock Performance

SVM traded down C$0.01 during midday trading on Wednesday, hitting C$5.47. 499,228 shares of the company traded hands, compared to its average volume of 418,566. The company’s 50-day moving average is C$6.01 and its 200 day moving average is C$5.32. The company has a quick ratio of 4.43, a current ratio of 4.03 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of C$1.19 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15. Silvercorp Metals has a 52 week low of C$2.98 and a 52 week high of C$7.34.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SVM shares. BMO Capital Markets increased their price target on Silvercorp Metals from C$7.00 to C$7.50 in a report on Tuesday, October 29th. Raymond James raised their target price on Silvercorp Metals from C$7.00 to C$7.50 in a research report on Thursday, August 1st.

Insider Activity

In other news, Director Yikang Liu sold 3,800 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. In other news, Director Yikang Liu sold 3,800 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total transaction of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of Silvercorp Metals stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total transaction of C$312,531.38. Insiders sold a total of 112,893 shares of company stock valued at $639,929 in the last 90 days. 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.