Silvercorp Metals (TSE:SVM) Releases Earnings Results

Silvercorp Metals (TSE:SVM - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported C$0.10 earnings per share (EPS) for the quarter, RTT News reports. Silvercorp Metals had a return on equity of 9.91% and a net margin of 23.07%. During the same quarter in the previous year, the firm earned $0.06 EPS.

Silvercorp Metals Stock Performance

Shares of SVM traded up C$0.12 during trading hours on Friday, reaching C$5.16. 1,209,350 shares of the company's stock traded hands, compared to its average volume of 457,283. The firm has a market capitalization of C$789.52 million, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.04 and a quick ratio of 4.43. Silvercorp Metals has a twelve month low of C$3.15 and a twelve month high of C$7.34. The business's fifty day simple moving average is C$4.48 and its two-hundred day simple moving average is C$5.14.

Silvercorp Metals Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a dividend of $0.017 per share. This represents a dividend yield of 0.27%. The ex-dividend date was Friday, November 29th. Silvercorp Metals's dividend payout ratio (DPR) is 7.71%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their target price on 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.