Silvercorp Metals (TSE:SVM) Releases Quarterly Earnings Results

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

Silvercorp Metals Stock Performance

SVM stock opened at C$4.57 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03. The stock has a market capitalization 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. Silvercorp Metals has a 1 year low of C$3.03 and a 1 year high of C$7.34. The stock’s fifty day moving average is C$4.45 and its two-hundred day moving average is C$5.14.

Silvercorp Metals Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their price objective on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research report 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.