Scotiabank Decreases Earnings Estimates for Discovery Silver

Discovery Silver Corp. (TSE:DSV) – Research analysts at Scotiabank dropped their FY2027 earnings estimates for shares of Discovery Silver in a research report issued on Friday, April 17th. Scotiabank analyst O. Habib now anticipates that the company will earn $0.51 per share for the year, down from their previous estimate of $0.53. Scotiabank has a “Strong-Buy” rating on the stock.

Discovery Silver (TSE:DSV) last posted its earnings results on Thursday, February 19th. The company reported C$0.19 earnings per share (EPS) for the quarter. Discovery Silver had a net margin of 16.33% and a return on equity of 29.78%. The business had revenue of C$368.88 million for the quarter.

Discovery Silver Stock Up 4.1%

Shares of TSE:DSV opened at C$10.13 on Wednesday. The firm’s 50 day moving average price is C$9.60 and its 200-day moving average price is C$8.37. Discovery Silver has a twelve month low of C$2.36 and a twelve month high of C$12.48. The stock has a market capitalization of C$8.21 billion, a PE ratio of 67.53 and a beta of 2.74.

Insider Buying and Selling at Discovery Silver

In other news, Director Jennifer Laura Wagner sold 134,145 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of C$9.76, for a total value of C$1,309,255.20. Following the transaction, the director owned 215,855 shares in the company, valued at C$2,106,744.80. This represents a 38.33% decrease in their position. 23.60% of the stock is owned by company insiders.

About Discovery Silver

Discovery Silver Corp is an exploration and development company building a large-scale, high-margin silver asset in Mexico. Its flagship project is the Cordero project, one of the few silver projects globally that offer margin, size, and scaleability. The project is located in a prolific mining belt in Chihuahua State, Mexico.