SILVERCORP METALS AND ENDEAVOUR SILVER BOTH RISE BY 6.1%
Written by Emily J. Thompson, Senior Investment Analyst
Source: moomoo
Silver Corp Metals Performance: Silver Corp Metals has reported a significant increase in its silver production, rising by 6.1%.
Endeavour Silver Growth: Endeavour Silver has also experienced a similar growth in silver production, matching the 6.1% increase.
Analyst Views on SVM
Wall Street analysts forecast SVM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SVM is 8.82 USD with a low forecast of 8.65 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.680
Low
8.65
Averages
8.82
High
9.00
Current: 12.680
Low
8.65
Averages
8.82
High
9.00
About SVM
Silvercorp Metals Inc. is a Canadian mining company producing silver, gold, lead, and zinc. The Company is engaged in the acquisition, exploration, development, and mining of mineral properties. The Company’s producing mines are located in China and exploration and development projects are located in China and Ecuador. In the Ying Mining District, it has about seven underground mines (SGX, HZG, HPG, TLP, LME, LMW and DCG) and two processing plants. The GC silver-lead-zinc mine is located approximately 200 km west of Guangzhou, the capital city of Guangdong Province, China. El Domo project is a copper-gold mine under construction in central Ecuador, approximately 150 km northeast of the major port city of Guayaquil. The BYP Mine is located approximately 220 km southwest of Changsha, the capital city of Hunan Province, China. Condor project is located in one of Ecuador's developed mining regions. It also has interest in Tulkubash/Kyzyltash Gold Projects, Kyrgyzstan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
