BMO reiterates Silvercorp Metals stock rating on Q2 results
BMO Capital has maintained its Outperform rating and set a price target of Cdn$21.00 on Silvercorp Metals Inc. (NYSE:SVM) (SVM:CN), according to preliminary second-quarter fiscal 2027 results. Silvercorp’s revenue for the quarter was $72.1 million, slightly below BMO’s estimate of $74.8 million. Silver production fell 42% year-over-year to 1.0 million ounces, mainly due to regulatory suspensions and upgrades at the Ying and GC mines.
The stock has decreased 21% in the past six months and is trading near its 52-week low of $5.95. Despite operational challenges, InvestingPro analysis suggests the stock may be undervalued relative to its Fair Value, indicating potential upside for patient investors. The company's financial health score is 3.32, with 10 exclusive tips available for analysis.
The Ying mine is mostly back online, while the GC mine is anticipated to stay offline until November 2027. BMO Capital kept its price target unchanged following the release of the preliminary results.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
