Director Sells Shares of Silvercorp Metals Inc.

On January 27th, Yikang Liu, a director at Silvercorp Metals Inc. (TSE:SVM), sold 5,001 shares of the company. The shares were sold at an average price of C$4.29, resulting in a total transaction value of C$21,429.29.

Recent Stock Performance

During the trading session on January 27th, Silvercorp Metals shares experienced a drop of 3.4%, decreasing by C$0.15 to close at C$4.29. The trading volume for the day was 392,443 shares, which is higher than the average volume of 386,558 shares. As of now, the company has a market capitalization of C$929.94 million, with a price-to-earnings ratio of 11.59. The company is also reported to have a beta of 1.15. Its fifty-day moving average stands at C$4.50, while the 200-day moving average is C$5.18. In terms of financial health, Silvercorp Metals has a debt-to-equity ratio of 0.21 and healthy current and quick ratios of 4.03 and 4.43, respectively. The stock has seen a fifty-two week low of C$3.01 and a high of C$7.34.

Financial Results Overview

Silvercorp Metals Inc. recently reported its quarterly earnings on November 7th, where it posted earnings per share (EPS) of C$0.12. This was above the consensus estimate of C$0.11, surpassing it by C$0.01. The company also demonstrated a return on equity of 10.92% and maintained a net margin of 21.57%. In comparison to the previous year, the EPS represented growth from C$0.09. Market analysts are forecasting that Silvercorp Metals will deliver an EPS of approximately 0.54 for the current fiscal year.

Dividend Announcement

On a recent note, Silvercorp Metals announced a semi-annual dividend that was paid out on December 13th. Shareholders registered on that date received a dividend of $0.017 per share, leading to a dividend yield of 0.27%. The current dividend payout ratio stands at 8.11%, indicating a conservative approach towards shareholder returns.

Analyst Insights

In other news, BMO Capital Markets has updated their price target for Silvercorp Metals, raising it from C$7.00 to C$7.50 in a research note issued on October 29th.

Company Overview

Silvercorp Metals Inc. specializes in the acquisition, exploration, development, and mining of mineral properties. The company focuses primarily on silver, gold, lead, and zinc. Its mining operations are situated in the provinces of Henan, Guangdong, and Hunan in China.

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