Discovery Silver (CVE:DSV) Given a C$15.00 Price Target at Scotiabank

Discovery Silver (CVE:DSV) has been assigned a C$15.00 price target by equities researchers 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 increased their price target on shares of Discovery Silver from C$9.50 to C$12.50 in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$8.04.

Discovery Silver Stock Down 7.0%

Discovery Silver stock traded down C$0.10 during mid-day trading on Wednesday, hitting 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 52-week low of C$0.87 and a 52-week high of C$2.16. The company has a market cap of C$644.74 million and a PE ratio of -34.35. 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’s 50 day moving average is C$1.33 and its 200 day moving average is C$1.33.

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.