Silvercorp Metals (NYSEAMERICAN:SVM) Releases Earnings Results, Beats Estimates By $0.01 EPS

by · The Markets Daily

Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01, Zacks reports. The firm had revenue of $72.10 million during the quarter, compared to analyst estimates of $72.10 million. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%.

Silvercorp Metals Stock Up 6.7%

Shares of SVM traded up $0.56 during mid-day trading on Friday, hitting $8.90. 2,753,256 shares of the company traded hands, compared to its average volume of 2,296,578. Silvercorp Metals has a 1-year low of $5.97 and a 1-year high of $15.77. The company has a quick ratio of 3.46, a current ratio of 3.51 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.97 billion, a PE ratio of 46.84 and a beta of 1.23. The business has a 50 day moving average of $10.50 and a 200 day moving average of $11.19.

Silvercorp Metals Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.0125 per share. The ex-dividend date is Friday, November 27th. This represents a dividend yield of 29.0%. Silvercorp Metals’s payout ratio is presently 8.33%.

Silvercorp Metals announced that its Board of Directors has authorized a share buyback program on Thursday, September 17th that allows the company to buy back 8,850,000 outstanding shares. This buyback authorization allows the company to repurchase up to 4% of its shares through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SVM has been the subject of a number of analyst reports. National Bank Financial began coverage on shares of Silvercorp Metals in a research report on Thursday, October 8th. They set a “hold” rating for the company. Roth Capital reaffirmed a “buy” rating and issued a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a report on Wednesday, August 12th. Finally, Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

View Our Latest Stock Report on Silvercorp Metals

About Silvercorp Metals

(Get Free Report)

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s production profile is centered on silver, lead and zinc, with its operations and mineral projects located primarily in China and Ecuador.

In China, Silvercorp operates the Ying Mining District in Henan Province, which includes the Ying, HPG and TLP mines. These underground operations produce silver-lead and zinc-lead concentrates for sale to smelters and other customers.

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