Discovery Silver (TSE:DSV) Stock Price Up 0.3% - Time to Buy?

Key Points

• Discovery Silver Corp's share price increased by 0.3%, with last trading at C$3.98 after reaching a high of C$4.01.
• Equities analysts have shown increased confidence in the company, with Raymond James rating it as a "moderate buy" and National Bank Financial issuing a "strong-buy" rating.
• The company's Cordero project in Mexico is highlighted as a unique large-scale silver asset, notable for its margin, size, and scalability potential.

Discovery Silver Corp. (TSE:DSV - Get Free Report)'s share price was up 0.3% during mid-day trading on Thursday . The company traded as high as C$4.01 and last traded at C$3.98. Approximately 2,295,335 shares traded hands during trading, a decline of 13% from the average daily volume of 2,643,233 shares. The stock had previously closed at C$3.97.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DSV shares. National Bank Financial raised shares of Discovery Silver to a "strong-buy" rating in a research report on Thursday, May 1st. Raymond James Financial raised shares of Discovery Silver to a "moderate buy" rating in a research report on Monday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Discovery Silver Stock Performance

The company's 50-day moving average is C$3.30 and its 200 day moving average is C$2.63. The company has a market capitalization of C$1.51 billion, a PE ratio of -80.42 and a beta of 2.45.

About Discovery Silver

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.