BMO Capital Markets Reaffirms “Buy” Rating for Silvercorp Metals (SVM)

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

Separately, Zacks Investment Research raised Silvercorp Metals from a sell rating to a hold rating in a research note on Wednesday, October 24th.

Shares of NYSEAMERICAN SVM traded up $0.04 during trading hours on Friday, hitting $2.22. The stock had a trading volume of 208,053 shares, compared to its average volume of 350,260. Silvercorp Metals has a 52 week low of $2.12 and a 52 week high of $3.12.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $48.09 million during the quarter, compared to the consensus estimate of $43.00 million.

A number of institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. bought a new stake in shares of Silvercorp Metals in the second quarter valued at approximately $1,920,000. Renaissance Technologies LLC boosted its position in shares of Silvercorp Metals by 47.4% in the second quarter. Renaissance Technologies LLC now owns 1,773,642 shares of the company’s stock valued at $4,736,000 after acquiring an additional 570,576 shares during the period. Guggenheim Capital LLC bought a new stake in shares of Silvercorp Metals in the first quarter valued at approximately $1,035,000. Van ECK Associates Corp boosted its position in shares of Silvercorp Metals by 2.5% in the second quarter. Van ECK Associates Corp now owns 13,634,024 shares of the company’s stock valued at $36,024,000 after acquiring an additional 326,920 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Silvercorp Metals in the second quarter valued at approximately $333,000.

About Silvercorp Metals

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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