Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Plans $0.01 Dividend

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) declared a dividend on Monday, November 11th,NASDAQ Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.0125 per share on Friday, December 13th. The ex-dividend date of this dividend is Friday, November 29th.

Silvercorp Metals has a payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Up 1.3 %

Shares of NYSEAMERICAN SVM traded up $0.05 during midday trading on Tuesday, reaching $3.95. The company’s stock had a trading volume of 3,892,554 shares, compared to its average volume of 2,102,404. The company has a market cap of $856.87 million, a price-to-earnings ratio of 13.00 and a beta of 1.33. Silvercorp Metals has a fifty-two week low of $2.08 and a fifty-two week high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.86%. The company had revenue of $68.00 million for the quarter, compared to analysts’ expectations of $67.90 million. On average, equities research analysts forecast that Silvercorp Metals will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Silvercorp Metals Company Profile

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.