Discovery Silver (CVE:DSV) Given a C$15.00 Price Target by Scotiabank Analysts

Scotiabank set a C$15.00 price objective on Discovery Silver (CVE:DSV) in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Canadian Imperial Bank of Commerce upped their target price on Discovery Silver from C$9.50 to C$12.50 in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$8.04.

Discovery Silver Trading Down 7.0%

CVE DSV opened at C$1.33 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 18.89 and a debt-to-equity ratio of 1.60. Discovery Silver has a 1-year low of C$0.87 and a 1-year high of C$2.16. The firm’s fifty day simple moving average is C$1.33 and its 200-day simple moving average is C$1.33. The company has a market capitalization of C$644.74 million and a PE ratio of -34.35.

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.