Roth MKM Maintains Buy on Silvercorp Metals, Lowers Price Target to $5.1
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Joe Reagor maintains a Buy rating on Silvercorp Metals (AMEX:SVM) but lowers the price target from $6 to $5.1.
August 21, 2024 | 2:25 pm
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Roth MKM analyst Joe Reagor maintains a Buy rating on Silvercorp Metals but lowers the price target from $6 to $5.1.
The analyst's decision to maintain a Buy rating suggests continued confidence in Silvercorp Metals' potential, but the lowered price target indicates a more cautious outlook on its short-term valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100