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BMO Capital Thinks Silvercorp Metals Inc’s Stock is Going to Recover


According to The Fly, bMO Capital analyst Ryan Thompson reiterated a Buy rating on Silvercorp Metals Inc (SVM) on November 7. The company’s shares closed yesterday at $2.18, close to its 52-week low of $2.12.

According to TipRanks.com, Thompson has 0 stars on 0-5 star ranking scale with an average return of -16.4% and a 14.3% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, First Majestic Silver, and Hecla Mining Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silvercorp Metals Inc.

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Silvercorp Metals Inc’s market cap is currently $365.5M and has a P/E ratio of 7.52. The company has a Price to Book ratio of 1.12.

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Silvercorp Metals, Inc. is a low-cost silver producing Canadian mining company with multiple mines in China. It engages in the acquisition, exploration, development and mining of precious and base metal properties in China and Canada. The company was founded by Rui Feng on October 31, 1991 and is headquartered in Vancouver, Canada.