Silvercorp Metals (NYSE: SVM), Rackspace Hosting, Inc. (NYSE: RAX), Williams Sonoma Inc (NYSE: WSM), ADTRAN, Inc. (NASDAQ: ADTN), Johnson Controls, Inc. (NYSE: JCI) and Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) had ratings and price targets changed by analysts.
Rackspace Hosting, Inc. (RAX) was upgraded by Goldman Sachs (NYSE:GS) to a “Buy” rating. They have a price target of $54.00 on the company.
Silvercorp Metals (SVM) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Williams Sonoma Inc. (WSM) was upgraded by BB&T (NYSE:BBT) from a “Hold” rating to a “Buy” rating.
ADTRAN, Inc. (ADTN) had its price target lowered by Goldman Sachs to $39.00.
Johnson Controls, Inc. (JCI) had its price target lowered by Goldman Sachs to $40.00.
Onyx Pharmaceuticals, Inc. (ONXX) had its price target raised by Goldman Sachs to $44.00.
Showing posts with label Silvercorp Metals. Show all posts
Showing posts with label Silvercorp Metals. Show all posts
Friday, October 14, 2011
Thursday, June 2, 2011
Hecla (HL) (SLW) (EXK) (AG) (CDE) (SVM) Trade Down on Falling Silver Prices
Shares of Silver Wheaton (NYSE:SLW), Hecla Mining (NYSE:HL), Endeavour Silver (AMEX: EXK), First Majestic (NYSE:AG), Coeur d'Alene Mines (NYSE:CDE) and Silvercorp Metals Inc. (NYSE:SVM) all closed down Wednesday on falling silver prices.
A dismal employment report from the ADP sowing only 38,000 new jobs were added in May pressured silver down, while its precious metal cousin gold jumped on the economic news.
Also pressuring silver prices down were the weak manufacturing data coming out of China, the EU and America.
Silver for July delivery dropped 61.1 cents to settle at $37.694 an ounce. Gold for August delivery rose $6.40 to settle at $1,543.20 an ounce.
Silver prices will continue to be volatile as usual, as competing forces weigh on the precious and industrial metal.
Silvercorp Metals Inc. closed Wednesday at $10.95, falling $0.20, or 1.79 percent. First Majestic ended the session at $20.25, down $0.89, or 4.21 percent. Coeur d'Alene Mines (NYSE:CDE) closed at $26.29, dropping 1.28, or 4.64 percent. Hecla Mining closed at $8.14, declining $0.35, or 4.12 percent. Silver Wheaton ended the trading day at $35.93, plunging $0.82, or 2.23 percent. Endeavour Silver fell to $9.88, down $0.41, or 3.98 percent.
iShares Silver Trust (NYSE:SLV) ended at $35.75, lower by $1.85, or 4.92 percent.
A dismal employment report from the ADP sowing only 38,000 new jobs were added in May pressured silver down, while its precious metal cousin gold jumped on the economic news.
Also pressuring silver prices down were the weak manufacturing data coming out of China, the EU and America.
Silver for July delivery dropped 61.1 cents to settle at $37.694 an ounce. Gold for August delivery rose $6.40 to settle at $1,543.20 an ounce.
Silver prices will continue to be volatile as usual, as competing forces weigh on the precious and industrial metal.
Silvercorp Metals Inc. closed Wednesday at $10.95, falling $0.20, or 1.79 percent. First Majestic ended the session at $20.25, down $0.89, or 4.21 percent. Coeur d'Alene Mines (NYSE:CDE) closed at $26.29, dropping 1.28, or 4.64 percent. Hecla Mining closed at $8.14, declining $0.35, or 4.12 percent. Silver Wheaton ended the trading day at $35.93, plunging $0.82, or 2.23 percent. Endeavour Silver fell to $9.88, down $0.41, or 3.98 percent.
iShares Silver Trust (NYSE:SLV) ended at $35.75, lower by $1.85, or 4.92 percent.
Friday, November 5, 2010
Silver Standard Resources Nasdaq:SSRI), Minefinders (AMEX:MFN), Silvercorp (NYSE:SVM) Soar on Fed's QE2
Silver Standard Resources Inc. Nasdaq:SSRI), Minefinders Corp. Ltd. (AMEX:MFN), Silvercorp Metals Inc. (NYSE: SVM) all soared Thursday on the implemention of QE2 by the Federal Reserve which will inflate the economy going forward, which pushed up the broader commodity market, along with individual companies within each sector, including silver miners.
The majority commodity prices increased, including silver, which rose to over $26 an ounce. Gold prices rose to all-time records again, closing in on the $1,400 an ounce mark, while aluminum increased to its highest levels since April.
Silver Standard closed at $25.95 Thursday, rising $1.81, or 7.50 percent. Minefinders surged to close at $9.32, gaining $0.57, or 6.51 percent. Silvercorp was up $11.57 at the end of the day, increasing by $1.55, or 15.47 percent.
The majority commodity prices increased, including silver, which rose to over $26 an ounce. Gold prices rose to all-time records again, closing in on the $1,400 an ounce mark, while aluminum increased to its highest levels since April.
Silver Standard closed at $25.95 Thursday, rising $1.81, or 7.50 percent. Minefinders surged to close at $9.32, gaining $0.57, or 6.51 percent. Silvercorp was up $11.57 at the end of the day, increasing by $1.55, or 15.47 percent.
Wednesday, May 19, 2010
Silvercorp Metals (NYSE:SVM) Falls on EU Debt, China Fears
Silvercorp Metals (NYSE:SVM) (TSE:SVM) got clobbered today, along with most precious metals companies, as the overall sector plunged, with traders taking profits and growing concerns on how the Europe debt crisis and inflation problems in China will have an effect on demand for raw materials.
China is especially a concern for Silvercorp Metals, which operates solely in the middle kingdom, and uncertainty as to how deeply China will take measures to battle inflation. They've already raised interest rates, and have introduced more regulation into the property markets.
The issue is demand and nothing else, and Europe and China are major markets to have both potentially decline in demand at the same time, which could very easily happen.
Silver producers like Silvercorp Metals can be hit hard because it's used in so many products, which if cut back, could decrease demand in a big way, along with earnings.
Silvercorp was down over 8 percent at the close, but has regained some of that in electronic trading.
China is especially a concern for Silvercorp Metals, which operates solely in the middle kingdom, and uncertainty as to how deeply China will take measures to battle inflation. They've already raised interest rates, and have introduced more regulation into the property markets.
The issue is demand and nothing else, and Europe and China are major markets to have both potentially decline in demand at the same time, which could very easily happen.
Silver producers like Silvercorp Metals can be hit hard because it's used in so many products, which if cut back, could decrease demand in a big way, along with earnings.
Silvercorp was down over 8 percent at the close, but has regained some of that in electronic trading.
Thursday, May 13, 2010
Silvercorp Metals (NYSE:SVM) Downgraded, Misses Estimates
Silvercorp Metals (NYSE:SVM) didn't have a good day today, as they not only missed estimates, but were downgraded from "Buy" to "Neutral" by Global Hunter Securities.
Earnings and revenue were up year over year for Silvercorp, with earnings increasing to $9.8 million, from the $1.2 million last year in the same quarter, while revenue jumped to $28.2 million, a 62 percent gain over last year.
Analysts had been looking for $31.7 million in revenue.
Earnings increased, for the most part, on higher production and rising selling prices.
Silvercorp production jumped to 4.62 million ounces for last year, a record for the company.
Earnings and revenue were up year over year for Silvercorp, with earnings increasing to $9.8 million, from the $1.2 million last year in the same quarter, while revenue jumped to $28.2 million, a 62 percent gain over last year.
Analysts had been looking for $31.7 million in revenue.
Earnings increased, for the most part, on higher production and rising selling prices.
Silvercorp production jumped to 4.62 million ounces for last year, a record for the company.
Wednesday, February 24, 2010
Silver Standard Resources (NASDAQ:SSRI) Silvertip Property
Silver Standard Resources (NASDAQ:SSRI) Silvercorp Metals (NYSE:SVM)
Silver Standard Resources (NASDAQ:SSRI) has sold its stake in its Silvertip property to Silvercorp Metals (NYSE: SVM) for C$15 million. The property includes silver, lead and zinc. The terms of the deal was half in common shares of the company and the other half in cash.
“The Silvertip project ranks among one of the highest grade silver-lead-zinc carbonate replacement deposits in North America — with great potential to grow,” said Rui Feng, Silvercorp chairman and chief executive.
The lead could be especially rewarding, as it had a concentrate grade of 65 percent and 80.4 percent was deemed as recoverable in a test a couple of years ago.
Another factor is lead for batteries continues to be in strong demand, while there are only about 7 lead mines in the world to provide it.
Silvercorp wil perform its own due diligence before the deal is officially completed in a couple of days.
Silver Standard Resources (NASDAQ:SSRI) Silvercorp Metals (NYSE:SVM)
Silver Standard Resources (NASDAQ:SSRI) has sold its stake in its Silvertip property to Silvercorp Metals (NYSE: SVM) for C$15 million. The property includes silver, lead and zinc. The terms of the deal was half in common shares of the company and the other half in cash.
“The Silvertip project ranks among one of the highest grade silver-lead-zinc carbonate replacement deposits in North America — with great potential to grow,” said Rui Feng, Silvercorp chairman and chief executive.
The lead could be especially rewarding, as it had a concentrate grade of 65 percent and 80.4 percent was deemed as recoverable in a test a couple of years ago.
Another factor is lead for batteries continues to be in strong demand, while there are only about 7 lead mines in the world to provide it.
Silvercorp wil perform its own due diligence before the deal is officially completed in a couple of days.
Silver Standard Resources (NASDAQ:SSRI) Silvercorp Metals (NYSE:SVM)
Thursday, February 11, 2010
Future of Silvercorp Metals Inc (TSX: SVM)
Future of Silvercorp Metals
It seems like Silvercorp Metals Inc (TSX: SVM) has a bright future ahead of it as the primary producer of silver in China. The have high-grade ore operations in several mines in the country.
They are protected a lot from wide swings in the market, and have proven to be able to make money under a variety of market conditions and add great value to its shareholders.
Along with silver, the mines the company is working also have lead and zinc in them to extract.
The most profitable mine at this time for the company the Ying Mining Camp.
Silvercorp. also pays a dividend.
Future of Silvercorp Metals
It seems like Silvercorp Metals Inc (TSX: SVM) has a bright future ahead of it as the primary producer of silver in China. The have high-grade ore operations in several mines in the country.
They are protected a lot from wide swings in the market, and have proven to be able to make money under a variety of market conditions and add great value to its shareholders.
Along with silver, the mines the company is working also have lead and zinc in them to extract.
The most profitable mine at this time for the company the Ying Mining Camp.
Silvercorp. also pays a dividend.
Future of Silvercorp Metals
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