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

Discovery Silver (CVE:DSV) had its price target increased by equities researchers at CIBC from C$9.50 to C$12.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports.

DSV has been the topic of a number of other reports. Cormark raised their target price on shares of Discovery Silver from C$5.00 to C$6.00 in a research report on Tuesday, September 16th. Raymond James Financial increased their price target on shares of Discovery Silver from C$5.75 to C$6.75 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$6.65.

Discovery Silver Stock Down 7.0%

Discovery Silver stock opened at C$1.33 on Tuesday. The company has a market capitalization of C$644.74 million and a P/E ratio of -34.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 18.89 and a current ratio of 5.96. Discovery Silver has a fifty-two week low of C$0.87 and a fifty-two week high of C$2.16. The stock has a 50-day simple moving average of C$1.33 and a 200-day simple moving average of C$1.33.

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.