Monday, November 29, 2010

Silver Wheaton (NYSE:SLW), Silvercorp Metals (NYSE:SVM) Ratings Changed by BMO Capital

As the price of gold continues to go up, silver is increasingly being looked at as an investment metal, and not just an industrial one, which has drawn the attention of analysts who are carefully watching companies like Silver Wheaton (NYSE:SLW) and Silvercorp Metals (NYSE:SVM), which had their ratings changed by BMO Capital.

Silver Wheaton, which has a terrific business model, was upgraded from "Market Perform" to "Outperform." Silvercorp Metals was downgraded from "Outperform" to "Market "Perform."

Silver Wheaton closed Friday at $35.15, falling $0.49, or 1.37 percent. BMO has a prict target of $46 on them, raising it from $40.

Silvercopr Metals closed at $11.74, dropping $0.54, or 4.40 percent.

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