Silvercorp Metals Inc (NYSEAMERICAN:SVM)’s stock price was down 5.5% during mid-day trading on Friday . The stock traded as low as $3.75 and last traded at $3.80, approximately 1,598,415 shares changed hands during mid-day trading. An increase of 136% from the average daily volume of 676,561 shares. The stock had previously closed at $4.02.
Several research analysts have recently issued reports on SVM shares. TheStreet upgraded Silvercorp Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, July 16th. Zacks Investment Research upgraded Silvercorp Metals from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective for the company in a research note on Saturday, September 7th. Finally, BMO Capital Markets cut Silvercorp Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 11th.
Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $45.58 million during the quarter, compared to analysts’ expectations of $45.50 million.
Large investors have recently made changes to their positions in the company. National Asset Management Inc. raised its stake in shares of Silvercorp Metals by 25.0% in the second quarter. National Asset Management Inc. now owns 35,669 shares of the company’s stock worth $88,000 after purchasing an additional 7,145 shares during the last quarter. Aperio Group LLC raised its position in Silvercorp Metals by 33.1% during the second quarter. Aperio Group LLC now owns 79,193 shares of the company’s stock valued at $195,000 after acquiring an additional 19,695 shares in the last quarter. Invesco Ltd. purchased a new position in Silvercorp Metals during the second quarter valued at approximately $246,000. Citadel Advisors LLC raised its position in Silvercorp Metals by 60.3% during the second quarter. Citadel Advisors LLC now owns 102,515 shares of the company’s stock valued at $253,000 after acquiring an additional 38,546 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Silvercorp Metals by 23.0% during the second quarter. Toronto Dominion Bank now owns 156,793 shares of the company’s stock valued at $388,000 after acquiring an additional 29,350 shares in the last quarter.
About Silvercorp Metals (NYSEAMERICAN:SVM)
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
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