Silvercorp Metals (TSE:SVM) Releases Quarterly Earnings Results

Silvercorp Metals (TSE:SVM) posted its 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 period in the prior year, the business posted $0.06 EPS.

Silvercorp Metals Price Performance

Shares of SVM opened at C$4.97 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.43 and a current ratio of 4.03. Silvercorp Metals has a fifty-two week low of C$3.03 and a fifty-two week high of C$7.34. The firm has a 50-day simple moving average of C$4.46 and a 200-day simple moving average of C$5.14. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15.

Silvercorp Metals Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised their price objective on Silvercorp Metals from C$7.00 to C$7.50 in a 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.