Discovery Silver (CVE:DSV) Given New C$9.50 Price Target at CIBC

Discovery Silver (CVE:DSV) had its price objective hoisted by equities research analysts at CIBC from C$8.00 to C$9.50 in a note issued to investors on Friday,BayStreet.CA reports.

Several other equities analysts also recently issued reports on DSV. Cormark boosted their price objective on 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 Discovery Silver from C$5.75 to C$6.75 in a research note on Friday, October 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$6.05.

Discovery Silver Stock Performance

DSV stock traded down C$0.10 during mid-day trading on Friday, reaching C$1.33. The company had a trading volume of 392,990 shares, compared to its average volume of 239,627. The stock’s 50-day simple moving average is C$1.33 and its two-hundred day simple moving average is C$1.33. The stock has a market capitalization of C$644.74 million and a P/E ratio of -34.35. The company has a quick ratio of 18.89, a current ratio of 5.96 and a debt-to-equity ratio of 0.29. Discovery Silver has a one year low of C$0.87 and a one year high of C$2.16.

About Discovery Silver

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.