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Slideshow Stock Buybacks

By The Online Investor Staff, updated Mon., Dec. 22, 7:42 AM

Slide #3. Silvercorp Metals Inc.

Company: Silvercorp Metals Inc. (NYSE:SVM)
Share Amount Authorized: 10%
Buyback Details: Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") is pleased to announce a Normal Course Issuer Bid, pending TSX approval, to acquire up to 16.5 million common shares (approximately 10% of the public float) from December 23, 2014 to December 22, 2015 from the 170,883,808 common shares currently issued and outstanding. The Company is taking this action because it believes that prevailing market conditions have resulted in Silvercorp's shares being undervalued relative to the immediate and long term value of Silvercorp's portfolio of producing and development properties in China.

Silvercorp Metals is engaged in the operation and development of and in the acquisition and exploration for high-grade silver-related mineral properties in the People's Republic of China. The Ying Mining District consists of four mines (SGX, HPG, TLP, and LM) and is Co.'s primary source of production.
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Company Name:  Silvercorp Metals Inc
Sector:  Precious Metals
Number of ETFs Holding SVM:  2
Total Market Value Held by ETFs:  $30.95M
Total Market Capitalization:  $200.00M
% of Market Cap. Held by ETFs:  15.47%

Open the SVM Page at The Online Investor (in a new window) »

December 22, 2014    7:42 AM Eastern
Quotes delayed 20 minutes

Buy (3.00 out of 4)
45th percentile
(ranked lower than approx. 55% of all stocks covered)
Based on Zacks ABR data;
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