Silvercorp Metals’ (SVM) “Buy” Rating Reaffirmed at BMO Capital Markets

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BMO Capital Markets reissued their buy rating on shares of Silvercorp Metals (NYSEAMERICAN:SVM) in a report published on Friday.

Separately, Zacks Investment Research downgraded Silvercorp Metals from a buy rating to a hold rating in a report on Thursday, August 30th.

NYSEAMERICAN SVM traded up $0.04 on Friday, reaching $2.22. The company’s stock had a trading volume of 208,053 shares, compared to its average volume of 350,260. Silvercorp Metals has a twelve month low of $2.12 and a twelve month high of $3.12.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $48.09 million during the quarter, compared to analyst estimates of $43.00 million.

A number of hedge funds and other institutional investors have recently bought and sold shares of SVM. Bank of America Corp DE increased its holdings in shares of Silvercorp Metals by 70.1% in the 2nd quarter. Bank of America Corp DE now owns 62,344 shares of the company’s stock valued at $166,000 after purchasing an additional 25,701 shares during the period. Raffles Associates LP acquired a new position in shares of Silvercorp Metals in the 2nd quarter valued at about $200,000. Canada Pension Plan Investment Board acquired a new position in shares of Silvercorp Metals in the 2nd quarter valued at about $311,000. Russell Investments Group Ltd. acquired a new position in shares of Silvercorp Metals in the 2nd quarter valued at about $333,000. Finally, Seizert Capital Partners LLC increased its holdings in shares of Silvercorp Metals by 29.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 249,464 shares of the company’s stock valued at $616,000 after purchasing an additional 56,162 shares during the period.

Silvercorp Metals Company Profile

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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