Discovery Silver (TSE:DSV) Reaches New 12-Month High - Should You Buy?

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.

Discovery Silver Corp. (TSE:DSV - Get Free Report)'s share price hit a new 52-week high during 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.

Analyst Ratings Changes

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

Discovery Silver Stock Up 1.5%

The company has a market capitalization of C$1.62 billion, a PE ratio of -86.18 and a beta of 2.45. The firm has a 50-day moving average of C$3.30 and a two-hundred day moving average of C$2.60.

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.