Discovery Silver (CVE:DSV) Given New C$9.50 Price Target at CIBC

Discovery Silver (CVE:DSV) had its price objective raised by CIBC from C$8.00 to C$9.50 in a research report released on Friday morning,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Cormark boosted their price target on shares of Discovery Silver from C$5.00 to C$6.00 in a report on Tuesday, September 16th. Raymond James Financial boosted their target price on Discovery Silver from C$5.75 to C$6.75 in a research note on Friday, October 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$6.05.

Discovery Silver Price Performance

Shares of CVE DSV traded down C$0.10 during midday trading on Friday, reaching C$1.33. The company’s stock had a trading volume of 392,990 shares, compared to its average volume of 239,627. Discovery Silver has a one year low of C$0.87 and a one year high of C$2.16. The company has a market cap of C$644.74 million and a price-to-earnings ratio of -34.35. The company has a 50 day moving average price of C$1.33 and a 200 day moving average price of C$1.33. 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 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.