Silvercorp Metals price target raised to $6.25 from $6 at Roth Capital

Roth Capital analyst Joe Reagor raised the firm’s price target on Silvercorp Metals (SVM) to $6.25 from $6 and keeps a Buy rating on the shares. The company’s Q4 results were messy due to a non-cash charge related to its convertible debt, though otherwise, the quarter was only slightly below the firm’s expectations, the analyst tells investors in a research note. Silvercorp continues to make progress with its growth initiatives, the firm added.