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

Scotiabank set a C$15.00 price objective on Discovery Silver (CVE:DSV) in a research note published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Canadian Imperial Bank of Commerce lifted their price objective on shares of 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, the stock has an average rating of “Buy” and an average target price of C$8.04.

Discovery Silver Stock Performance

DSV opened at C$1.33 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.85 and a quick ratio of 18.89. The firm has a fifty day moving average price of C$1.33 and a 200 day moving average price of C$1.33. Discovery Silver has a 1 year low of C$0.87 and a 1 year high of C$2.16. The stock has a market cap of C$644.74 million and a P/E ratio of -34.35.

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.