Roth MKM Reaffirms Buy Rating on Silvercorp Metals (SVM), Sets $8.25 Target

Silvercorp Metals Inc. (NYSE:SVM) is one of the best silver mining stocks to invest in right now. On November 10, Roth MKM analyst Joseph Reagor reaffirmed a Buy rating for Silvercorp Metals Inc. (NYSE:SVM) and set a price target of $8.25 per share.

Four days earlier, Silvercorp reported its Q2 2026 earnings, where revenue grew by 23% year-over-year to $83.3 million. Management explained that the revenue growth was fueled by a 28% increase in realized silver prices and a 37% jump in gold prices. However, this figure slightly missed analyst consensus estimates, which were targeted around $84 million. The company reported a net loss of $11.5 million ($0.05 per share), a sharp decline from the $17.7 million in the same period last year. This loss was triggered by a $53.2 million non-cash charge related to the “mark-to-market” valuation of convertible notes, noted management.

During that quarter, Silvercorp produced 1.7 million ounces of silver and 2,085 ounces of gold. However, management cautioned, production costs ticked higher, with cash costs per ounce of silver equivalent rising to $0.002 (compared to negative $0.73 last year) as the volume of ore processed increased by 15%. As such, the company is proceeding with its fiscal 2026 production guidance, which anticipates processing between 1.33 and 1.37 million tons of ore.

Silvercorp Metals Inc. (NYSE:SVM) is a Canadian mining company. It acquires, explores, develops, and operates silver-lead-zinc mines, primarily in China’s Ying Mining District and the GC Mine in Guangdong Province. Its main products are silver, lead, and zinc concentrates, with gold as a smaller by-product.

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Disclosure: None. This article is originally published at Insider Monkey.