Discovery Silver (TSE:DSV) Director Eric Sprott Buys 200,000 Shares

Key Points

• Eric Sprott, a director at Discovery Silver Corp., purchased 200,000 shares of stock for C$3.84 each, totaling C$768,000, increasing his ownership slightly to 90,663,098 shares.
• Discovery Silver's stock price decreased by 2.2% to C$4.38, with a market capitalization of C$3.51 billion.
• Raymond James Financial upgraded Discovery Silver to a "moderate buy" rating, contributing to an overall average rating of "Strong Buy" from analysts.

Discovery Silver Corp. (TSE:DSV - Get Free Report) Director Eric Sprott bought 200,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of C$3.84 per share, with a total value of C$768,000.00. Following the transaction, the director directly owned 90,663,098 shares in the company, valued at approximately C$348,146,296.32. This trade represents a 0.22% increase in their position.

Eric Sprott also recently made the following trade(s):

• On Thursday, September 11th, Eric Sprott sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.60, for a total transaction of C$1,150,000.00.
• On Wednesday, September 10th, Eric Sprott sold 1,500,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.64, for a total transaction of C$6,960,000.00.
• On Thursday, August 14th, Eric Sprott sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$3.95, for a total transaction of C$988,000.00.
• On Thursday, August 14th, Eric Sprott sold 500,000 shares of Discovery Silver stock. The shares were sold at an average price of C$3.95, for a total transaction of C$1,975,000.00.

Discovery Silver Trading Up 7.8%

TSE:DSV traded up C$0.36 on Friday, reaching C$4.96. 2,861,068 shares of the stock traded hands, compared to its average volume of 2,677,155. The firm has a market capitalization of C$3.98 billion, a price-to-earnings ratio of -199.69 and a beta of 1.92. The company's 50 day moving average is C$3.73 and its 200-day moving average is C$2.98. Discovery Silver Corp. has a 1-year low of C$0.64 and a 1-year high of C$4.98.

Wall Street Analysts Forecast Growth

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

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.