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 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 last year, the company posted $0.06 earnings per share.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock traded down C$0.14 on Tuesday, hitting C$4.57. 488,521 shares of the company were exchanged, compared to its average volume of 405,371. The stock has a market capitalization of C$990.64 million, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15. The company has a 50-day moving average price of C$4.45 and a 200 day moving average price of C$5.14. Silvercorp Metals has a 1-year low of C$3.03 and a 1-year high of C$7.34. The company has a quick ratio of 4.43, a current ratio of 4.03 and a debt-to-equity ratio of 0.21.

Silvercorp Metals Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a dividend of $0.017 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 0.27%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.11%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their price objective 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.