Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Set to Pay Dividend of $0.01

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) declared a dividend on Wednesday, November 4th. Shareholders of record on Friday, November 27th will be given a dividend of $0.0125 per share on Friday, December 11th. This represents a yield of 29.0%. The ex-dividend date of this dividend is Friday, November 27th.

Silvercorp Metals has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Silvercorp Metals to earn $0.99 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 3.0%.

Silvercorp Metals Stock Up 8.7%

NYSEAMERICAN:SVM opened at $8.64 on Thursday. Silvercorp Metals has a 52 week low of $5.97 and a 52 week high of $15.77. The stock’s fifty day moving average is $10.68 and its two-hundred day moving average is $11.22. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 72.01 and a beta of 1.23. The company has a quick ratio of 3.46, a current ratio of 3.51 and a debt-to-equity ratio of 0.10.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $138.67 million during the quarter, compared to analysts’ expectations of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%. During the same period in the previous year, the firm posted $0.08 earnings per share. Research analysts anticipate that Silvercorp Metals will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Roth Capital reiterated a “buy” rating and set a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a report on Wednesday, August 12th. National Bank Financial started coverage on shares of Silvercorp Metals in a research report on Thursday, October 8th. They set a “hold” rating for the company. Finally, Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Silvercorp Metals presently has an average rating of “Moderate Buy” and an average price target of $14.00.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.