Discovery Silver (CVE:DSV) Given New C$12.50 Price Target at CIBC

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

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

Discovery Silver Trading Down 7.0%

Shares of CVE 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 company has a debt-to-equity ratio of 0.29, a current ratio of 5.96 and a quick ratio of 18.89. The firm has a 50-day moving average of C$1.33 and a 200 day moving average of C$1.33. The stock has a market cap of C$644.74 million and a P/E ratio of -34.35.

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.