BMO Capital Markets downgraded shares of Silvercorp Metals (NYSEAMERICAN:SVM) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, The Fly reports.
Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Silvercorp Metals from a c+ rating to a b- rating in a report on Tuesday, July 16th. Zacks Investment Research raised shares of Silvercorp Metals from a hold rating to a strong-buy rating and set a $5.00 price target on the stock in a report on Saturday, September 7th.
Shares of NYSEAMERICAN:SVM opened at $4.03 on Wednesday. Silvercorp Metals has a 52-week low of $1.83 and a 52-week high of $4.66.
Institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Silvercorp Metals during the first quarter worth approximately $56,000. Geode Capital Management LLC increased its stake in Silvercorp Metals by 172.8% in the fourth quarter. Geode Capital Management LLC now owns 28,101 shares of the company’s stock valued at $58,000 after acquiring an additional 17,800 shares during the last quarter. National Asset Management Inc. increased its stake in Silvercorp Metals by 20.7% in the first quarter. National Asset Management Inc. now owns 28,524 shares of the company’s stock valued at $73,000 after acquiring an additional 4,896 shares during the last quarter. Millennium Management LLC increased its stake in Silvercorp Metals by 166.1% in the fourth quarter. Millennium Management LLC now owns 66,246 shares of the company’s stock valued at $139,000 after acquiring an additional 41,354 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Silvercorp Metals by 33.1% in 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 during the last quarter.
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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