Silvercorp Metals Inc. (TSE:SVM) Announces Dividend Increase – $0.02 Per Share

Silvercorp Metals Inc. (TSE:SVM – Get Rating) announced a Semi-Annual dividend on Friday, May 27th, Zacks reports. Investors of record on Monday, June 6th will be given a dividend of 0.016 per share on Friday, June 24th. The ex-dividend date is Friday, June 3rd. This is an increase from Silvercorp Metals’s previous Semi-Annual dividend of $0.01.

SVM opened at C$3.67 on Friday. The firm has a 50 day moving average price of C$4.18 and a 200 day moving average price of C$4.58. The company has a market cap of C$649.98 million and a PE ratio of 15.04. Silvercorp Metals has a 1 year low of C$3.22 and a 1 year high of C$8.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.28 and a current ratio of 4.62.

A number of analysts recently issued reports on SVM shares. Canaccord Genuity Group increased their target price on shares of Silvercorp Metals from C$6.00 to C$6.25 in a research report on Friday, April 22nd. Raymond James set a C$6.50 price target on Silvercorp Metals and gave the stock a “market perform” rating in a report on Monday, April 18th.

In other news, Director Yikang Liu sold 10,000 shares of the stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of C$5.00, for a total transaction of C$50,000.00. Following the completion of the transaction, the director now directly owns 83,834 shares in the company, valued at approximately C$419,170. Over the last quarter, insiders have sold 23,500 shares of company stock valued at $113,135.

Silvercorp Metals Company Profile (Get Rating)

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. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China.

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