BMO Capital Thinks Silvercorp Metals’ Stock is Going to Recover

Silvercorp Metals (SVM), the Materials sector company was revisited on November 7, and remains undervalued for at least one analyst on the street. Analyst Ryan Thompson from BMO Capital remains bullish on the stock and has a C$4.75 price target.

According to, Thompson is currently ranked with no stars on a 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 Silvercorp Metals Inc.

Read also: Direxion Daily Jr Gld Mnrs (JNUG): Gold Stocks Recovering

Currently, the analyst consensus on Silvercorp Metals is a Moderate Buy with an average price target of C$4.75.

The company has a one-year high of C$4.02 and a one-year low of C$2.72. Currently, Silvercorp Metals has an average volume of 229.8K.

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.

The company’s shares closed on Thursday at C$2.88, close to its 52-week low of C$2.72.