Silvercorp Metals announced a normal course issuer bid starting September 21, 2026, to buy back up to 8.85 million common shares, about 4% of its outstanding shares. The program aims to provide flexibility if the stock is undervalued relative to its mining assets and will run until September 20, 2027. Purchases will be made at market prices on Canadian and U.S. exchanges, with all repurchased shares to be cancelled. This move follows a similar program in 2025, which saw no share repurchases, signaling Silvercorp's intent to enhance shareholder value through strategic buybacks.
Silvercorp Metals' share repurchase program is the subject, with Pluang's Basic Materials sector data providing market context. As of Sep 17, 2026 19:11 WIB, 27 of 31 US Basic Materials stocks rose while 4 fell. Notable movers include FCX at USD 71.29 with a 1-day change of +2.94%, LAC at USD 2.86 with +2.88%, and ALB at USD 112.31 with +2.59%.
An analyst from BMO Capital set a $67 price target for Devon Energy, suggesting a 40% upside from its current share price of around $48. The oil and gas producer has consistently beaten earnings estimates recently, showing strong financial health. Ho...
An investment of $10,000 in Marvell stock a decade ago has grown to approximately $206,000 today. Achieving the same growth again would require an annual earnings increase of 35%. This highlights Marvell's strong past performance and the challenge of...
Analyst Ivan Feinseth of Tigress Financial raised Amazon's price target from $315 to $385, reflecting a potential 50.8% upside from the current price of $255.37. The upgrade is driven by strong demand for Amazon Web Services (AWS), with much of its 2...
Morgan Stanley analyst Bob Huang lowered American International Group's (AIG) price target to $80 from $81, with the stock trading around $76, indicating potential upside. AIG is set to report its Q3 2026 earnings on November 3, with investors focuse...
Vertiv Holdings, a maker of power and cooling equipment for data centers, faces mixed analyst opinions with GLJ Research rating it a "Sell" and BMO Capital giving an "Outperform" rating. Despite a recent stock pullback, the company reported a 241% in...
