Discovery Silver (CVE:DSV) Price Target Raised to C$12.50

Discovery Silver (CVE:DSV) had its price target boosted by CIBC from C$9.50 to C$12.50 in a report issued on Tuesday morning,BayStreet.CA reports.

Other analysts have also issued research reports about the company. Cormark upped their target price on Discovery Silver from C$5.00 to C$6.00 in a report on Tuesday, September 16th. Raymond James Financial lifted their price target on Discovery Silver from C$5.75 to C$6.75 in a research note on Friday, October 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Discovery Silver has an average rating of “Buy” and an average target price of C$6.65.

Discovery Silver Stock Performance

DSV opened at C$1.33 on Tuesday. Discovery Silver has a 1-year low of C$0.87 and a 1-year high of C$2.16. The stock has a market cap of C$644.74 million and a P/E ratio of -34.35. The stock’s 50 day simple moving average is C$1.33 and its 200 day simple moving average is C$1.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.96 and a quick ratio of 18.89.

Discovery Silver Company Profile

Discovery Silver Corp., a mineral exploration company, engages in the exploration and development of polymetallic deposits. The company's flagship property is the Cordero silver project, which covers an area of approximately 35,000 hectares located in the Chihuahua state, Mexico. It also holds option agreement to purchase 100% interest in the Puerto Rico, La Kika, Minerva, Monclova, and Santa Rosa projects in Mexico. The company was formerly known as Discovery Metals Corp. and changed its name to Discovery Silver Corp.