Silvercorp Metals (SVM) Scheduled to Post Quarterly Earnings on Thursday

Posted by MarketBeat News on Aug 4th, 2022

Silvercorp Metals (TSE:SVM – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Silvercorp Metals (TSE:SVM – Get Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported C$0.06 earnings per share for the quarter, meeting the consensus estimate of C$0.06. The firm had revenue of C$52.68 million for the quarter, compared to analyst estimates of C$54.99 million.

Silvercorp Metals Trading Down 2.4 %

TSE SVM opened at C$3.29 on Thursday. The company has a quick ratio of 4.73, a current ratio of 5.05 and a debt-to-equity ratio of 0.20. Silvercorp Metals has a twelve month low of C$2.90 and a twelve month high of C$6.32. The company has a market cap of C$583.38 million and a price-to-earnings ratio of 14.95. The business’s fifty day moving average is C$3.35 and its 200 day moving average is C$4.04.

Silvercorp Metals Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, June 24th. Investors of record on Monday, June 6th were issued a dividend of $0.016 per share. This is an increase from Silvercorp Metals’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Friday, June 3rd. This represents a dividend yield of 0.34%. Silvercorp Metals’s dividend payout ratio (DPR) is 11.36%.

Wall Street Analysts Forecast Growth

SVM has been the topic of several recent research reports. Raymond James cut their target price on Silvercorp Metals from C$6.50 to C$6.00 and set a “market perform” rating on the stock in a report on Tuesday, July 19th. Canaccord Genuity Group lifted their target price on Silvercorp Metals from C$6.00 to C$6.25 in a report on Friday, April 22nd. Finally, BMO Capital Markets cut their target price on Silvercorp Metals from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday, May 30th.

About Silvercorp Metals

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Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.