Discovery Silver (TSE:DSV) Reaches New 1-Year High - Time to Buy?

Key Points

• Discovery Silver Corp. reached a new 52-week high of C$4.59 during trading, indicating strong investor interest with a volume of 574,521 shares exchanged.
• Raymond James Financial upgraded the company's rating to a "moderate buy", contributing to a consensus rating of "Strong Buy" among analysts.
• Discovery Silver is focused on building a high-margin silver asset in Mexico, specifically the Cordero project, which is noted for its potential profitability and scalability.

Discovery Silver Corp. (TSE:DSV - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$4.59 and last traded at C$4.42, with a volume of 574521 shares changing hands. The stock had previously closed at C$4.37.

Analyst Ratings Changes

Separately, Raymond James Financial raised shares of Discovery Silver to a "moderate buy" rating in a report on Monday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of "Strong Buy".

Discovery Silver Price Performance

The stock has a market capitalization of C$3.60 billion, a PE ratio of -180.76 and a beta of 1.92. The business's fifty day moving average price is C$3.57 and its two-hundred day moving average price is C$2.87.

Discovery Silver Company Profile

Discovery Silver Corp is an exploration and development company building a large-scale, high-margin silver asset in Mexico. Its flagship project is the Cordero project, one of the few silver projects globally that offer margin, size, and scaleability. The project is located in a prolific mining belt in Chihuahua State, Mexico.