Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shareholders to Get $0.01 Dividend

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) announced a dividend on Wednesday, November 4th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.0125 per share on Friday, December 11th. This represents a dividend yield of 29.0%. The ex-dividend date is Friday, November 27th.

Silvercorp Metals has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silvercorp Metals to earn $0.99 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 3.0%.

Silvercorp Metals Stock Up 8.7%

SVM stock opened at $8.64 on Thursday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 72.01 and a beta of 1.23. The company has a 50-day moving average of $10.68 and a two-hundred day moving average of $11.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46. Silvercorp Metals has a 52-week low of $5.97 and a 52-week high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $138.67 million for the quarter, compared to the consensus estimate of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%. During the same period in the previous year, the business posted $0.08 EPS. As a group, equities research analysts anticipate that Silvercorp Metals will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Euro Pacific Asset Management LLC acquired a new position in Silvercorp Metals in the 3rd quarter worth $133,000. Parallel Advisors LLC increased its position in shares of Silvercorp Metals by 1,528.8% during the 3rd quarter. Parallel Advisors LLC now owns 5,082 shares of the company’s stock worth $54,000 after purchasing an additional 4,770 shares during the last quarter. Alps Advisors Inc. lifted its stake in Silvercorp Metals by 7.4% in the third quarter. Alps Advisors Inc. now owns 3,554,283 shares of the company’s stock valued at $37,924,000 after acquiring an additional 244,058 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Silvercorp Metals in the 3rd quarter valued at about $1,261,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Silvercorp Metals by 4.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 340,466 shares of the company’s stock worth $3,634,000 after acquiring an additional 15,899 shares during the period. Institutional investors own 22.30% of the company’s stock.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.