Silvercorp Metals Inc. Announces Semi-Annual Dividend of $0.02 (TSE:SVM)

Silvercorp Metals Inc. (TSE:SVM) declared a Semi-Annual dividend on Friday, November 29th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.017 per share on Friday, December 13th. This represents a dividend yield of 0.27%. The ex-dividend date is Friday, November 29th.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at C$4.57 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 52-week low of C$3.01 and a 52-week high of C$7.34. The company has a fifty day moving average of C$6.04 and a 200-day moving average of C$5.35. The stock has a market capitalization of C$990.64 million, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15.

Insider Buying and Selling at Silvercorp Metals

In related news, Director Yikang Liu sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total transaction of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.86, for a total value of C$312,531.38. Insiders sold 60,393 shares of company stock valued at $360,682 in the last quarter. Company insiders own 3.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research report on Tuesday, October 29th. Raymond James increased their target price on Silvercorp Metals from C$7.00 to C$7.50 in a report on Thursday, August 1st.

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.