Silvercorp Metals (TSE:SVM) Announces Quarterly Earnings Results

Silvercorp Metals (TSE:SVM) posted its quarterly earnings data on Tuesday. The company reported C$0.10 earnings per share (EPS) for the quarter, RTT News reports. Silvercorp Metals had a return on equity of 10.92% and a net margin of 21.57%. During the same quarter in the prior year, the firm posted $0.06 EPS.

Silvercorp Metals Trading Down 3.0 %

Shares of TSE SVM opened at C$4.57 on Wednesday. The stock has a market cap of C$990.64 million, a price-to-earnings ratio of 12.35, a PEG ratio of 0.03 and a beta of 1.15. The business has a 50 day simple moving average of C$4.45 and a 200 day simple moving average of C$5.14. Silvercorp Metals has a 52 week low of C$3.03 and a 52 week high of C$7.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03.

Silvercorp Metals Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.017 dividend. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.27%. Silvercorp Metals’s payout ratio is 8.11%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their target price on Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th.

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.