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Discovery Silver (TSE:DSV) Reaches New 1-Year High - Here's What Happened

Discovery Silver logo with Basic Materials background

Key Points

  • Discovery Silver Corp. (TSE:DSV) achieved a new 52-week high, trading as high as C$3.90 and closing at C$3.80, indicating strong market interest.
  • Analysts from National Bank Financial and Raymond James have upgraded Discovery Silver's ratings to "strong-buy" and "moderate buy," respectively, reflecting positive sentiment in the market.
  • The company is focusing on its flagship Cordero silver project in Mexico, which is noted for its significant margin, size, and scalability potential.
  • Looking to export and analyze Discovery Silver data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Discovery Silver Corp. (TSE:DSV - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.90 and last traded at C$3.80, with a volume of 450030 shares changing hands. The stock had previously closed at C$3.67.

Analysts Set New Price Targets

DSV has been the topic of a number of analyst reports. National Bank Financial upgraded Discovery Silver to a "strong-buy" rating in a report on Thursday, May 1st. Raymond James Financial upgraded Discovery Silver to a "moderate buy" rating in a research note on Monday, May 26th.

Get Our Latest Report on Discovery Silver

Discovery Silver Stock Performance

The company has a 50 day moving average of C$3.26 and a two-hundred day moving average of C$2.54. The stock has a market capitalization of C$1.59 billion, a PE ratio of -84.90 and a beta of 2.45.

Discovery Silver Company Profile

(Get Free Report)

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.

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