Silvercorp Metals (TSE:SVM) Share Price Passes Below 50 Day Moving Average of $4.92

Silvercorp Metals Inc. (TSE:SVMGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$4.92 and traded as low as C$4.69. Silvercorp Metals shares last traded at C$4.79, with a volume of 350,723 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SVM. BMO Capital Markets lifted their price objective on Silvercorp Metals from C$5.00 to C$6.00 in a research report on Thursday, April 25th. Canaccord Genuity Group reduced their price target on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Raymond James boosted their price target on Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday, April 23rd.

Check Out Our Latest Stock Analysis on Silvercorp Metals

Silvercorp Metals Price Performance

The company’s 50-day simple moving average is C$4.92 and its 200 day simple moving average is C$4.17. The company has a quick ratio of 4.43, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$846.97 million, a price-to-earnings ratio of 20.83, a P/E/G ratio of 0.03 and a beta of 1.02.

Silvercorp Metals (TSE:SVMGet Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The company reported C$0.03 EPS for the quarter, meeting analysts’ consensus estimates of C$0.03. Silvercorp Metals had a return on equity of 7.50% and a net margin of 15.01%. The business had revenue of C$57.54 million for the quarter, compared to analyst estimates of C$52.82 million. Equities research analysts forecast that Silvercorp Metals Inc. will post 0.314554 EPS for the current year.

Silvercorp Metals Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 7th were given a dividend of $0.017 per share. This represents a yield of 0.23%. The ex-dividend date was Friday, June 7th. Silvercorp Metals’s dividend payout ratio (DPR) is currently 13.04%.

Insider Transactions at Silvercorp Metals

In other Silvercorp Metals news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$4.27, for a total value of C$85,300.00. In related news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of C$4.27, for a total value of C$85,300.00. Also, Director Rui Feng sold 40,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total value of C$207,200.00. In the last 90 days, insiders have sold 71,832 shares of company stock worth $359,378. 4.33% of the stock is currently owned by company insiders.

Silvercorp Metals Company Profile

(Get Free Report)

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.

Further Reading

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