Silvercorp Metals (TSE:SVM – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 9th. Analysts expect Silvercorp Metals to post earnings of C$0.08 per share for the quarter.
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Silvercorp Metals (TSE:SVM – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The business had revenue of C$67.51 million during the quarter, compared to analysts’ expectations of C$78.04 million.
Silvercorp Metals Trading Up 2.4 %
TSE SVM opened at C$4.74 on Thursday. Silvercorp Metals has a 12 month low of C$2.74 and a 12 month high of C$5.41. The company has a current ratio of 4.73, a quick ratio of 4.43 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of C$836.93 million and a PE ratio of 33.86. The business’s 50-day moving average price is C$4.20 and its two-hundred day moving average price is C$3.61.
Silvercorp Metals Dividend Announcement
The company also recently declared a Semi-Annual dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 16th were issued a dividend of $0.0125 per share. The ex-dividend date of this dividend was Thursday, November 24th. This represents a yield of 0.35%. Silvercorp Metals’s payout ratio is 17.86%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of Silvercorp Metals from C$3.75 to C$4.00 in a research report on Thursday, October 20th. Raymond James upgraded Silvercorp Metals from a “market perform” rating to a “buy” rating and increased their price target for the stock from C$5.00 to C$6.15 in a report on Tuesday. Finally, Eight Capital dropped their price objective on Silvercorp Metals from C$7.50 to C$5.50 in a research note on Wednesday, October 26th.
Insider Activity at Silvercorp Metals
In related news, Director Yikang Liu sold 7,167 shares of the stock in a transaction on Friday, December 9th. The stock was sold at an average price of C$3.97, for a total value of C$28,465.17. Following the transaction, the director now directly owns 83,333 shares in the company, valued at approximately C$330,973.68.
Silvercorp Metals Company Profile
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.
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