Wednesday, July 6, 2011

BMO Capital Markets provided color on Silvercorp Metals

BMO Capital Markets provided color on Silvercorp Metals (NYSE: SVM) in a research report published today. BMO Capital Markets has previously given Silvercorp Metals an Outperform rating and $18.50 price target.
In the report, BMO Capital Markets states, "The updated resource estimate was in line with expectations and has a negligible impact on the company's 10% nominal NPV. Drilling continues at Silvertip, focused on resource expansion and delineation as well as exploration of a new zone recently identified through geological mapping and chip sampling."


Read more: http://www.benzinga.com/analyst-ratings/analyst-color/11/07/1740788/bmo-capital-markets-comments-on-silvercorp-metals#ixzz1RNI31zqk

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