Zacks Investment Research lowered shares of Silvercorp Metals (NYSEAMERICAN:SVM) from a strong-buy rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Silvercorp Metals, Inc. engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the Peoples Republic of China. It explores for silver, gold, lead, and zinc properties. The company primarily operates and develops four Silver-Lead-Zinc mines at the Ying Mining Camp, Henan Province; and the Na-Bao Polymetalic Project in Qinghai Province, China. The company is growing its resource base through continuous exploration of existing projects as well as acquiring new development and exploration projects in multiple jurisdictions. Silvercorp is listed on the Toronto Stock Exchange and the NYSE under the symbol T.SVM and SVM respectively. “

Several other equities analysts have also weighed in on the stock. BMO Capital Markets lowered shares of Silvercorp Metals from an outperform rating to a market perform rating in a report on Wednesday, September 11th. TheStreet upgraded shares of Silvercorp Metals from a c+ rating to a b- rating in a report on Tuesday, July 16th.

NYSEAMERICAN:SVM opened at $4.20 on Wednesday. Silvercorp Metals has a 12 month low of $1.83 and a 12 month high of $4.66.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The company had revenue of $49.89 million for the quarter, compared to analyst estimates of $44.40 million.

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in Silvercorp Metals by 25.1% in the second quarter. Renaissance Technologies LLC now owns 3,669,510 shares of the company’s stock valued at $9,027,000 after purchasing an additional 735,100 shares in the last quarter. Morgan Stanley increased its stake in Silvercorp Metals by 22.1% in the second quarter. Morgan Stanley now owns 3,641,137 shares of the company’s stock valued at $8,957,000 after purchasing an additional 658,548 shares in the last quarter. Royal Bank of Canada increased its stake in Silvercorp Metals by 15.8% in the second quarter. Royal Bank of Canada now owns 2,559,379 shares of the company’s stock valued at $6,296,000 after purchasing an additional 348,653 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Silvercorp Metals by 19.6% in the second quarter. JPMorgan Chase & Co. now owns 1,681,313 shares of the company’s stock valued at $4,220,000 after purchasing an additional 275,347 shares in the last quarter. Finally, ETF Managers Group LLC increased its stake in Silvercorp Metals by 14.5% in the second quarter. ETF Managers Group LLC now owns 908,953 shares of the company’s stock valued at $2,296,000 after purchasing an additional 114,931 shares in the last quarter.

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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