Global X Management Co. LLC Purchases New Position in Silvercorp Metals Inc (NYSE:SVM)

Global X Management Co. LLC purchased a new stake in Silvercorp Metals Inc (NYSE:SVM) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,915,624 shares of the company’s stock, valued at approximately $6,092,000. Global X Management Co. LLC owned about 1.14% of Silvercorp Metals as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. ARP Americas LLC bought a new stake in shares of Silvercorp Metals during the second quarter valued at $147,000. First Manhattan Co. acquired a new stake in Silvercorp Metals during the second quarter worth approximately $197,000. Russell Investments Group Ltd. acquired a new stake in Silvercorp Metals during the second quarter worth approximately $255,000. Acadian Asset Management LLC acquired a new stake in Silvercorp Metals during the second quarter worth approximately $3,849,000. Finally, Spark Investment Management LLC acquired a new stake in Silvercorp Metals during the second quarter worth approximately $4,072,000.

Shares of Silvercorp Metals Inc (SVM) opened at 2.75 on Friday. The firm has a market cap of $461.70 million and a P/E ratio of 9.82. Silvercorp Metals Inc has a 12-month low of $2.67 and a 12-month high of $3.33. The firm has a 50-day moving average price of $2.91 and a 200-day moving average price of $2.94.

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

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.

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

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