Global X Management Co. LLC purchased a new position in Silvercorp Metals Inc (NYSE:SVM) during the second quarter, Holdings Channel reports. The firm purchased 1,915,624 shares of the company’s stock, valued at approximately $6,092,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Silvercorp Metals during the second quarter worth about $255,000. Acadian Asset Management LLC acquired a new position in shares of Silvercorp Metals during the second quarter worth about $3,849,000. Spark Investment Management LLC acquired a new position in shares of Silvercorp Metals during the second quarter worth about $4,072,000. First Manhattan Co. acquired a new position in shares of Silvercorp Metals during the second quarter worth about $197,000. Finally, ARP Americas LLC acquired a new position in shares of Silvercorp Metals during the second quarter worth about $147,000.

Silvercorp Metals Inc (NYSE SVM) opened at 2.75 on Friday. The firm has a market cap of $461.70 million and a price-to-earnings ratio of 9.82. The firm’s 50-day moving average price is $2.91 and its 200-day moving average price is $2.94. Silvercorp Metals Inc has a 12 month low of $2.67 and a 12 month high of $3.33.

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Separately, TheStreet upgraded Silvercorp Metals from a “d” rating to a “b-” rating in a research report on Monday, May 15th.

Silvercorp Metals Company Profile

Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.

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Institutional Ownership by Quarter for Silvercorp Metals (NYSE:SVM)

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