Silvercorp Metals Inc. Declares Semi-annual Dividend of $0.01 (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) declared a semi-annual dividend on Tuesday, May 27th, Wall Street Journal reports. Shareholders of record on Friday, June 6th will be given a dividend of 0.0125 per share on Thursday, June 26th. This represents a yield of 0.6%. The ex-dividend date of this dividend is Friday, June 6th.

Silvercorp Metals has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Silvercorp Metals to earn $0.39 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 7.7%.

Silvercorp Metals Stock Up 0.5%

NYSEAMERICAN:SVM traded up $0.02 during mid-day trading on Friday, reaching $3.88. The company's stock had a trading volume of 5,882,727 shares, compared to its average volume of 3,934,279. The firm has a market capitalization of $844.75 million, a PE ratio of 10.78 and a beta of 1.20. The stock has a fifty day moving average of $3.72 and a 200-day moving average of $3.71. Silvercorp Metals has a 1 year low of $2.87 and a 1 year high of $5.32. The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

Separately, Roth Capital reaffirmed a "buy" rating and issued a $6.25 target price (up from $6.00) on shares of Silvercorp Metals in a research report on Tuesday, May 27th.

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Silvercorp Metals by 31.6% during the first quarter. Royal Bank of Canada now owns 444,453 shares of the company's stock valued at $1,720,000 after buying an additional 106,813 shares during the period. Jane Street Group LLC raised its holdings in shares of Silvercorp Metals by 91.4% in the 1st quarter. Jane Street Group LLC now owns 102,296 shares of the company's stock worth $396,000 after buying an additional 48,854 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Silvercorp Metals by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company's stock worth $3,273,000 after buying an additional 28,803 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Silvercorp Metals in the 1st quarter worth approximately $97,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

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.