Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Down 5.2%

Silvercorp Metals Inc (NYSEAMERICAN:SVM) shares traded down 5.2% during trading on Wednesday . The company traded as low as $3.60 and last traded at $3.62, 1,674,997 shares changed hands during mid-day trading. An increase of 288% from the average session volume of 432,023 shares. The stock had previously closed at $3.82.

A number of research analysts have recently commented on the stock. TheStreet raised shares of Silvercorp Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, July 16th. Zacks Investment Research raised shares of Silvercorp Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $45.58 million for the quarter, compared to the consensus estimate of $45.50 million.

A number of institutional investors have recently modified their holdings of SVM. National Asset Management Inc. boosted its stake in shares of Silvercorp Metals by 20.7% in the 1st quarter. National Asset Management Inc. now owns 28,524 shares of the company’s stock valued at $73,000 after purchasing an additional 4,896 shares during the last quarter. Swiss National Bank raised its holdings in Silvercorp Metals by 3.4% during the second quarter. Swiss National Bank now owns 317,900 shares of the company’s stock worth $786,000 after buying an additional 10,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in Silvercorp Metals by 172.8% during the fourth quarter. Geode Capital Management LLC now owns 28,101 shares of the company’s stock worth $58,000 after buying an additional 17,800 shares during the last quarter. Aperio Group LLC raised its holdings in Silvercorp Metals by 33.1% during the second quarter. Aperio Group LLC now owns 79,193 shares of the company’s stock worth $195,000 after buying an additional 19,695 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Silvercorp Metals by 19.5% during the first quarter. Toronto Dominion Bank now owns 127,443 shares of the company’s stock worth $327,000 after buying an additional 20,836 shares during the last quarter.

Silvercorp Metals Company Profile (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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