Discovery Silver initiated with an Outperform at BMO Capital

BMO Capital analyst Kevin O’Halloran initiated coverage of Discovery Silver with an Outperform rating and C$2 price target. Discovery is developing its Cordero silver project in Chihuahua, Mexico, towards construction following a positive feasibility study which was released earlier this year, the analyst tells investors in a research note. The firm expects the stock’s “discounted valuation to narrow” as the project advances.