BMO Capital Markets Reiterates Silvercorp Metals Outperform

BMO Capital Markets reiterated its Silvercorp Metals SVM Outperform rating in a research report published today. In the report, BMO Capital Markets provided color on a recent accusation of fraud received by Silvercorp Metals by an anonymous letter. In the report, BMO Capital Markets states, "BMO views the company's proactive approach toward disclosure to repudiate allegations of fraud as a positive step. BMO reiterates SVM's Outperform rating and views weakness in the share price as a rare buying opportunity." Shares of Silvercorp Metals were trading at $7.97 at the time of posting, down 5.23% from Thursday's market close.