Zacks Investment Research lowered shares of Silvercorp Metals (NYSEAMERICAN:SVM) from a hold rating to a sell rating in a research note released on Thursday, December 7th.
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. “
A number of other analysts have also recently weighed in on SVM. ValuEngine raised shares of Silvercorp Metals from a hold rating to a buy rating in a report on Thursday, October 5th. Roth Capital reaffirmed a buy rating on shares of Silvercorp Metals in a report on Monday, August 28th. Finally, TheStreet cut shares of Silvercorp Metals from a b- rating to a c rating in a report on Tuesday, August 22nd.
Silvercorp Metals (SVM) traded up $0.25 during trading on Thursday, hitting $2.87. 701,390 shares of the stock were exchanged, compared to its average volume of 669,250. Silvercorp Metals has a one year low of $2.12 and a one year high of $4.50. The company has a market cap of $438.97, a P/E ratio of -4.70 and a beta of 1.24.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.01 per share. The ex-dividend date was Monday, November 27th. Silvercorp Metals’s dividend payout ratio (DPR) is -3.28%.
Several large investors have recently bought and sold shares of the company. U S Global Investors Inc. acquired a new position in shares of Silvercorp Metals in the third quarter worth about $182,000. Jane Street Group LLC boosted its holdings in shares of Silvercorp Metals by 29.0% in the third quarter. Jane Street Group LLC now owns 252,236 shares of the company’s stock worth $683,000 after buying an additional 56,709 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Silvercorp Metals by 486.8% in the third quarter. JPMorgan Chase & Co. now owns 601,673 shares of the company’s stock worth $1,977,000 after buying an additional 499,133 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Silvercorp Metals by 17.6% in the third quarter. Van ECK Associates Corp now owns 12,345,833 shares of the company’s stock worth $33,458,000 after buying an additional 1,848,842 shares during the period. Finally, Ninepoint Partners LP acquired a new position in shares of Silvercorp Metals in the third quarter worth about $1,685,000.
COPYRIGHT VIOLATION NOTICE: This report was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.truebluetribune.com/2018/01/03/silvercorp-metals-svm-lowered-to-sell-at-zacks-investment-research.html.
About Silvercorp Metals
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Silvercorp Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercorp Metals and related companies with MarketBeat.com's FREE daily email newsletter.