Scotiabank Reiterates “C$15.00” Price Target for Discovery Silver (CVE:DSV)

Discovery Silver (CVE:DSV) has been given a C$15.00 price objective by research analysts at Scotiabank in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock.

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

Discovery Silver Price Performance

Shares of CVE DSV traded down C$0.10 during trading on Wednesday, hitting C$1.33. The company had a trading volume of 392,990 shares, compared to its average volume of 239,627. The company has a market cap of C$644.74 million and a P/E ratio of -34.35. Discovery Silver has a 52 week low of C$0.87 and a 52 week high of C$2.16. The business’s 50-day moving average is C$1.33 and its 200 day moving average is C$1.33. The company has a debt-to-equity ratio of 1.60, a quick ratio of 18.89 and a current ratio of 1.85.

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.