Raymond James Increases Dolly Varden Silver (CVE:DV) Price Target to C$1.25

Dolly Varden Silver (CVE:DV) had its price target hoisted by equities researchers at Raymond James from C$1.10 to C$1.25 in a note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 32.98% from the stock’s current price.

Dolly Varden Silver Trading Down 1.1 %

Shares of Dolly Varden Silver stock opened at C$0.94 on Tuesday. Dolly Varden Silver has a 12-month low of C$0.58 and a 12-month high of C$1.15. The firm has a market capitalization of C$267.57 million, a price-to-earnings ratio of -9.40 and a beta of 1.50. The firm’s 50 day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.80.

Dolly Varden Silver (CVE:DV) last issued its quarterly earnings results on Wednesday, March 27th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Dolly Varden Silver will post 0.01 EPS for the current fiscal year.

About Dolly Varden Silver

Dolly Varden Silver Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, lead, zinc, and copper deposits. It holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property covering an area of 163 square kilometers located in Golden Triangle of British Columbia, Canada; and the Big Bulk property located in Canada.