Raymond James raised the firm’s price target on Discovery Silver (DSVSF) to C$6.75 from C$5.75 and keeps an Outperform rating on the shares. Gold and silver price forecasts have been raised for both the near and long term, reflecting strong year-to-date performance, ongoing economic and political uncertainty, and expectations of higher operating and incentive costs tied to increased reserve and resource pricing, the analyst tells investors in a research note.
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Read More on DSVSF:
- Discovery Silver Secures $250 Million Credit Facility to Boost Growth
- Discovery Silver announces agreement for $250M revolving credit facility
- Discovery Silver price target raised to C$4.75 from C$4.50 at National Bank
- Discovery Silver price target raised to C$5 from C$4 at Raymond James
- Discovery Silver’s Strong Financial and Operational Performance Justifies Buy Rating