Shares of Silvercorp Metals Inc (NYSEAMERICAN:SVM) gapped up prior to trading on Tuesday . The stock had previously closed at $3.60, but opened at $3.71. Silvercorp Metals shares last traded at $3.82, with a volume of 2,092,175 shares traded.

SVM has been the topic of a number of recent analyst reports. TheStreet upgraded Silvercorp Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, July 16th. Zacks Investment Research upgraded Silvercorp Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $45.58 million for the quarter, compared to the consensus estimate of $45.50 million.

Institutional investors and hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new stake in Silvercorp Metals in the first quarter valued at about $46,000. Geode Capital Management LLC boosted its stake in Silvercorp Metals by 172.8% during the fourth quarter. Geode Capital Management LLC now owns 28,101 shares of the company’s stock worth $58,000 after buying an additional 17,800 shares during the last quarter. National Asset Management Inc. boosted its stake in Silvercorp Metals by 20.7% during the first quarter. National Asset Management Inc. now owns 28,524 shares of the company’s stock worth $73,000 after buying an additional 4,896 shares during the last quarter. BlackRock Inc. acquired a new position in Silvercorp Metals during the fourth quarter worth $101,000. Finally, Millennium Management LLC raised its position in Silvercorp Metals by 166.1% in the fourth quarter. Millennium Management LLC now owns 66,246 shares of the company’s stock valued at $139,000 after purchasing an additional 41,354 shares during the period.

About Silvercorp Metals (NYSEAMERICAN:SVM)

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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