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

Silvercorp Metals Inc. (TSE:SVM) announced a Semi-Annual dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.017 per share on Friday, December 13th. The ex-dividend date of this dividend is Friday, November 29th.

Silvercorp Metals Price Performance

Shares of TSE:SVM opened at C$4.67 on Wednesday. Silvercorp Metals has a 1 year low of C$3.01 and a 1 year high of C$7.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. The business’s 50-day moving average is C$6.07 and its 200-day moving average is C$5.35. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.03 and a beta of 1.15.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Raymond James raised their target price on Silvercorp Metals from C$7.00 to C$7.50 in a research note on Thursday, August 1st. BMO Capital Markets boosted their price objective on Silvercorp Metals from C$7.00 to C$7.50 in a report on Tuesday, October 29th.

Insider Buying and Selling

In related news, Director Yikang Liu sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total value of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of Silvercorp Metals stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total value of C$312,531.38. Over the last 90 days, insiders sold 112,893 shares of company stock worth $639,929. 3.67% of the stock is owned by corporate insiders.

Silvercorp Metals Company Profile

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.