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.
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.
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