Silvercorp Metals (SVM) Stock Rating Upgraded by Zacks Investment Research

Silvercorp Metals (NYSEAMERICAN:SVM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

Separately, ValuEngine raised Silvercorp Metals from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th.

Shares of Silvercorp Metals (NYSEAMERICAN:SVM) traded up $0.08 on Friday, hitting $2.86. The company had a trading volume of 392,100 shares, compared to its average volume of 550,233. The stock has a market capitalization of $438.97, a P/E ratio of -4.69 and a beta of 1.24. Silvercorp Metals has a one year low of $2.12 and a one year high of $4.50.

Institutional investors have recently bought and sold shares of the company. AJO LP bought a new position in shares of Silvercorp Metals in the second quarter worth $3,652,000. JPMorgan Chase & Co. bought a new position in shares of Silvercorp Metals in the second quarter worth $329,000. Royal Bank of Canada bought a new position in shares of Silvercorp Metals in the second quarter worth $3,192,000. Swiss National Bank bought a new position in shares of Silvercorp Metals in the second quarter worth $879,000. Finally, Alliancebernstein L.P. bought a new position in shares of Silvercorp Metals in the second quarter worth $1,749,000.

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Silvercorp Metals Company Profile

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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