Shares of Silvercorp Metals Inc (NYSEAMERICAN:SVM) gapped up prior to trading on Tuesday . The stock had previously closed at $3.60, but opened at $3.71. Silvercorp Metals shares last traded at $3.82, with a volume of 2,092,175 shares trading hands.
A number of brokerages have commented on SVM. Zacks Investment Research upgraded Silvercorp Metals from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. TheStreet upgraded Silvercorp Metals from a “c+” rating to a “b-” rating in a report on Tuesday, July 16th.
Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $45.58 million during the quarter, compared to analyst estimates of $45.50 million.
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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