Silvercorp Metals price target raised to $8.25 from $6.50 at Roth Capital

Roth Capital raised the firm’s price target on Silvercorp Metals (SVM) to $8.25 from $6.50 and keeps a Buy rating on the shares. The firm is updating its model to reflect the recent increase in gold and silver prices, updating its Q4 estimates to reflect an average gold price of $3,850 per ounce, previously $3,150, and a silver price of $47.25 per ounce, previously $35.00, the analyst tells investors in a research note.