Silvercorp Metals initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Matthew O’Keefe initiated coverage of Silvercorp Metals (SVM) with an Overweight rating and $7.50 price target The company is set to increase production to 13 MMoz AgEq in FY28, the analyst says in a research note. Investors stand to benefit from steep production growth, leverage to the silver price and multiple expansion on an improved risk profile as its Ecuador operation comes online, Cantor says.