Silvercorp Metals (TSE:SVM) Share Price Crosses Above 50-Day Moving Average of $5.04

Silvercorp Metals Inc. (TSE:SVM) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$5.04 and traded as high as C$5.19. Silvercorp Metals shares last traded at C$5.11, with a volume of 208,191 shares trading hands.

Analyst Ratings Changes

A number of brokerages have issued reports on SVM. BMO Capital Markets lifted their price target on shares of Silvercorp Metals from C$5.00 to C$6.00 in a report on Thursday, April 25th. Canaccord Genuity Group reduced their price target on shares of 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. Raymond James lifted their price target on shares of Silvercorp Metals from C$5.50 to C$7.00 in a report on Tuesday, April 23rd. Finally, Eight Capital lifted their price target on shares of Silvercorp Metals from C$6.20 to C$7.00 in a report on Thursday, July 11th.

Silvercorp Metals Stock Performance

The business’s fifty day moving average price is C$5.03 and its two-hundred day moving average price is C$4.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.43 and a current ratio of 3.73. The stock has a market capitalization of C$903.55 million, a P/E ratio of 22.22, a P/E/G ratio of 0.03 and a beta of 1.02.

Silvercorp Metals (TSE:SVM) last posted its earnings results on Thursday, May 23rd. The company reported C$0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.03. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.50%. The firm had revenue of C$57.54 million for the quarter, compared to the consensus estimate of C$52.82 million. As a group, sell-side analysts forecast that Silvercorp Metals Inc. will post 0.314554 earnings per share for the current year.

Silvercorp Metals Announces Dividend

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

Insider Transactions at Silvercorp Metals

In other news, Senior Officer Derek Zhihua Liu sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$4.27, for a total value of C$85,300.00. In related news, Director Yikang Liu sold 11,832 shares of the company’s stock in a transaction dated Monday, May 27th. The shares were sold at an average price of C$5.65, for a total transaction of C$66,878.01. Also, Senior Officer Derek Zhihua Liu sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$4.27, for a total transaction of C$85,300.00. Insiders own 4.33% of the company’s stock.

About Silvercorp Metals

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.