UBS Upgrades Silvercorp Metals (SVM) to Buy

Shares of Silvercorp Metals (NYSE: SVM) moved higher midday Tuesday following an intraday upgrade from a UBS analyst. The firm now rates the stock a Buy, up from Neutral previously. UBS set an $8 target on the stock.

With Silvercorp shares up 4.1 percent to $6.81 this afternoon, the UBS price target represents potential upside of about 17 percent.

For an analyst ratings summary and ratings history on Silvercorp Metals click here. For more ratings news on Silvercorp Metals click here.

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