Silvercorp Metals Inc. (SVM) to Issue Dividend of $0.01 on June 25th

Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Free Report) declared a dividend on Friday, May 22nd. Stockholders of record on Friday, June 5th will be given a dividend of 0.0125 per share on Thursday, June 25th. This represents a dividend yield of 21.0%. The ex-dividend date is Friday, June 5th.

Silvercorp Metals has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Silvercorp Metals to earn $1.41 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 2.1%.

Silvercorp Metals Stock Down 2.1%

SVM stock opened at $12.94 on Wednesday. The firm has a market cap of $2.86 billion, a PE ratio of -323.37 and a beta of 1.08. Silvercorp Metals has a 1 year low of $3.96 and a 1 year high of $15.77. The company has a fifty day simple moving average of $12.05 and a 200 day simple moving average of $10.61. The company has a current ratio of 3.58, a quick ratio of 3.50 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “neutral” rating and set a $13.25 price target on shares of Silvercorp Metals in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Silvercorp Metals has an average rating of “Moderate Buy” and a consensus target price of $10.38.

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Silvercorp Metals Company Profile

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Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.

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Dividend History for Silvercorp Metals (NYSEAMERICAN:SVM)

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