Derek Zhihua Liu Sells 20,000 Shares of Silvercorp Metals Inc. (TSE:SVM) Stock

Silvercorp Metals Inc. (TSE:SVM) Senior Officer Derek Zhihua Liu sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of C$4.27, for a total value of C$85,300.00.

Silvercorp Metals Stock Performance

Shares of SVM traded down C$0.15 during trading hours on Thursday, reaching C$5.54. 508,839 shares of the company’s stock traded hands, compared to its average volume of 344,227. The firm has a market capitalization of C$979.58 million, a price-to-earnings ratio of 24.09, a P/E/G ratio of 0.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 4.43. Silvercorp Metals Inc. has a twelve month low of C$2.88 and a twelve month high of C$5.98. The business’s fifty day simple moving average is C$4.88 and its two-hundred day simple moving average is C$3.93.

Silvercorp Metals Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 7th will be issued a dividend of $0.017 per share. The ex-dividend date of this dividend is Friday, June 7th. Silvercorp Metals’s payout ratio is currently 13.04%.

Wall Street Analysts Forecast Growth

SVM has been the topic of a number of recent research reports. Raymond James raised their target price on Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday, April 23rd. BMO Capital Markets raised their target price on Silvercorp Metals from C$5.00 to C$6.00 in a research note on Thursday, April 25th. Finally, Canaccord Genuity Group lowered their price target on Silvercorp Metals from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th.

Silvercorp Metals Company Profile

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.