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Stock Market & Financial Investment News

News Breaks
December 26, 2012
05:13 EDTSVMSilvercorp Metals changes auditors to Deloitte & Touche from Ernst & Young
Silvercorp Metals announced that it has changed its auditors from Ernst & Young to Deloitte & Touche, on November 27. Ernst & Young was re-appointed as the company's auditors at the company's most recent annual general meeting held on September 28. Upon Ernst & Young's submission of their fee budget, which was increased substantially, for the audits of the company's financial statements for the fiscal year ending March 31, 2013, the Audit Committee then undertook an audit tender process and four proposals were received. As a result of this tender process Deloitte & Touche has been appointed auditors of the company for the year ending March 31, 2013. There were no reservations or modified opinions in Ernst & Young's audit reports for the fiscal years ended March 31, 2012 and 2011 or any subsequent period, and there are no reportable events, as such term is defined in National Instrument 51-102, between the company and Ernst & Young. The Company will be filing the required reporting package on SEDAR in accordance with National Instrument 51-102.
News For SVM From The Last 14 Days
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November 24, 2014
10:00 EDTSVMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Outperform from Market Perform at Raymond James... Banco Bilbao (BBVA) upgraded to Neutral from Underperform at BofA/Merrill... Berry Plastics (BERY) upgraded to Outperform from Market Perform at BMO Capital... Denny's (DENN) upgraded to Buy from Neutral at Janney Capital... Hess Corp. (HES) upgraded to Outperform from Market Perform at Raymond James... Huaneng Power (HNP) upgraded to Buy from Neutral at BofA/Merrill... Infoblox (BLOX) upgraded to Buy from Hold at Needham... Kate Spade (KATE) upgraded at BofA/Merrill... Lumber Liquidators (LL) upgraded to Overweight from Equal Weight at Morgan Stanley... Occidental Petroleum (OXY) upgraded to Strong Buy from Outperform at Raymond James... PT Indosat (IIT) upgraded to Buy from Neutral at Nomura... Silvercorp Metals (SVM) upgraded to Outperform from Market Perform at Raymond James... Toro Company (TTC) upgraded to Buy from Neutral at Longbow... United Microelectronics (UMC) upgraded to Market Perform from Underperform at Bernstein.
09:07 EDTSVMSilvercorp Metals upgraded to Outperform from Market Perform at Raymond James
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