CIBC Issues Positive Forecast for Discovery Silver (CVE:DSV) Stock Price

Discovery Silver (CVE:DSV) had its target price raised by research analysts at CIBC from C$9.50 to C$12.50 in a note issued to investors on Tuesday,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on DSV. Cormark lifted their price objective on Discovery Silver from C$5.00 to C$6.00 in a research note on Tuesday, September 16th. Raymond James Financial raised their target price on Discovery Silver from C$5.75 to C$6.75 in a report on Friday, October 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$6.65.

Discovery Silver Trading Down 7.0%

Discovery Silver stock traded down C$0.10 during trading on Tuesday, hitting C$1.33. The company had a trading volume of 392,990 shares, compared to its average volume of 239,627. The stock has a market cap of C$644.74 million and a price-to-earnings ratio of -34.35. The company has a current ratio of 5.96, a quick ratio of 18.89 and a debt-to-equity ratio of 0.29. Discovery Silver has a 1-year low of C$0.87 and a 1-year high of C$2.16. The company’s 50 day simple moving average is C$1.33 and its 200-day simple moving average is C$1.33.

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. The company was formerly known as Discovery Metals Corp. and changed its name to Discovery Silver Corp.