Silvercorp Metals (SVM) Stock Rating Lowered by Zacks Investment Research
Silvercorp Metals (NYSEAMERICAN:SVM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Silvercorp Metals, Inc. engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the Peoples Republic of China. It explores for silver, gold, lead, and zinc properties. The company primarily operates and develops four Silver-Lead-Zinc mines at the Ying Mining Camp, Henan Province; and the Na-Bao Polymetalic Project in Qinghai Province, China. The company is growing its resource base through continuous exploration of existing projects as well as acquiring new development and exploration projects in multiple jurisdictions. Silvercorp is listed on the Toronto Stock Exchange and the NYSE under the symbol T.SVM and SVM respectively. “
Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Silvercorp Metals from a “b-” rating to a “c” rating in a report on Tuesday, August 22nd. Roth Capital reaffirmed a “buy” rating on shares of Silvercorp Metals in a report on Monday, August 28th. Finally, ValuEngine upgraded shares of Silvercorp Metals from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Silvercorp Metals during the second quarter valued at $255,000. First Manhattan Co. acquired a new position in Silvercorp Metals during the second quarter valued at $197,000. Global X Management Co. LLC acquired a new position in Silvercorp Metals during the second quarter valued at $6,092,000. American Century Companies Inc. acquired a new position in Silvercorp Metals during the second quarter valued at $1,576,000. Finally, Swiss National Bank acquired a new position in Silvercorp Metals during the second quarter valued at $879,000.
About Silvercorp Metals
Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.
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