Silvercorp Metals (TSE:SVM) Announces Earnings Results

Silvercorp Metals (TSE:SVM) released its quarterly earnings results on Tuesday. The company reported C$0.10 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 last year, the company posted $0.06 earnings per share.

Silvercorp Metals Trading Down 3.0 %

SVM stock traded down C$0.14 during trading on Tuesday, reaching C$4.57. The company had a trading volume of 488,521 shares, compared to its average volume of 405,371. Silvercorp Metals has a 52 week low of C$3.03 and a 52 week high of C$7.34. The company has a market cap of C$990.64 million, a P/E ratio of 12.35, a PEG ratio of 0.03 and a beta of 1.15. The business has a 50 day moving average of C$4.45 and a 200 day moving average of C$5.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43.

Silvercorp Metals Dividend Announcement

The business 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. This represents a yield of 0.27%. The ex-dividend date was Friday, November 29th. Silvercorp Metals’s payout ratio is currently 8.11%.

Wall Street Analyst Weigh In

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

About Silvercorp Metals

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.