Raymond James raised the firm’s price target on Silvercorp Metals (SVM) to C$11 from C$8 and keeps an Outperform rating on the shares. Gold and silver price forecasts have been raised for both the near and long term, reflecting strong year-to-date performance, ongoing economic and political uncertainty, and expectations of higher operating and incentive costs tied to increased reserve and resource pricing, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SVM:
- Silver mining stocks rise as December Silver extends gains above $49 per ounce
- Silvercorp Metals price target raised to $8.25 from $6.50 at Roth Capital
- Unusually active option classes on open September 30th
- Silvercorp Metals Announces AGM Voting Results and Director Elections
- Silvercorp Metals Announces Successful 2025 AGM Outcomes