Roth MKM analyst Joe Reagor lowered the firm’s price target on Silvercorp Metals to $6.50 from $7.75 and keeps a Buy rating on the shares. Silvercorp’s Q2 results were above expectations, but the price target decrease reflects market conditions for precious metals companies, the analyst tells investors in a research note.
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- Silvercorp Reports Adjusted Net Income of $11.7 Million, $0.07 per Share, and Cash Flow from Operations of $28.8 Million for Q2 Fiscal 2024
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