Roth Capital initiated coverage on shares of Silvercorp Metals Inc (NYSE:SVM) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $3.50 price target on the stock. Roth Capital’s target price would indicate a potential upside of 18.24% from the stock’s current price.

Separately, TheStreet downgraded shares of Silvercorp Metals from a “b-” rating to a “c” rating in a research note on Tuesday, August 22nd.

Silvercorp Metals (SVM) opened at 2.96 on Tuesday. Silvercorp Metals has a 1-year low of $2.07 and a 1-year high of $4.50. The firm has a market capitalization of $496.96 million and a P/E ratio of 10.57. The company’s 50-day moving average price is $2.81 and its 200-day moving average price is $2.91.

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Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp acquired a new position in Silvercorp Metals during the second quarter worth about $33,603,000. Global X Management Co. LLC acquired a new position in Silvercorp Metals during the second quarter worth about $6,092,000. AXA acquired a new position in Silvercorp Metals during the second quarter worth about $4,839,000. Spark Investment Management LLC acquired a new position in Silvercorp Metals during the second quarter worth about $4,072,000. Finally, Acadian Asset Management LLC acquired a new position in Silvercorp Metals during the second quarter worth about $3,849,000.

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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