Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Plans Semi-annual Dividend of $0.01

Posted by Doug Wharley on Nov 28th, 2024

Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Free Report) declared a semi-annual dividend on Monday, November 11th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.0125 per share on Friday, December 13th. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, November 29th.

Silvercorp Metals has a dividend payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Silvercorp Metals to earn $0.31 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 9.7%.

Silvercorp Metals Stock Performance

Shares of SVM opened at $3.26 on Thursday. Silvercorp Metals has a 12-month low of $2.22 and a 12-month high of $5.32. The company has a market capitalization of $708.16 million, a PE ratio of 10.87 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The firm had revenue of $68.00 million for the quarter, compared to analyst estimates of $67.90 million. As a group, research analysts forecast that Silvercorp Metals will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their target price on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a report on Wednesday, August 21st.

Check Out Our Latest Report on Silvercorp Metals

Silvercorp Metals Company Profile

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Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.