Discovery Silver Corp (TSE:DSV)
OTHER OTC:DSV
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Discovery Silver
(OTC:DSV)
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Rating:76Outperform
Price Target:
C$9.50
▼(-13.00% Downside)
Action:Upgraded
Date:05/15/26
The score is driven primarily by strong near-term financial performance (high margins and very low leverage), supported by a technically positive trend (price above major moving averages with positive MACD). The main offsets are cash-flow conversion/FCF sustainability concerns and only moderate valuation support (P/E ~18.55, no dividend data).
Positive Factors
High profitability margins
TTM margins at gross ~43.6%, operating ~29.2% and net ~16.3%, together with a recent ROE ~29.8% TTM, indicate durable unit economics and operational efficiency. Strong margins create a cash buffer to absorb cost shocks, support reinvestment into the Cordero project, and underpin longer-term profitability if operational discipline is maintained.
Negative Factors
Limited operating history
Prior years of zero revenue and losses mean the recent profitability is not backed by a long track record. This elevates execution risk: sustaining margins and volumes requires scaling operations, consistent production, and successful transition from development to steady-state operations, any of which could materially alter financial performance.
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Positive Factors
Negative Factors
High profitability margins
TTM margins at gross ~43.6%, operating ~29.2% and net ~16.3%, together with a recent ROE ~29.8% TTM, indicate durable unit economics and operational efficiency. Strong margins create a cash buffer to absorb cost shocks, support reinvestment into the Cordero project, and underpin longer-term profitability if operational discipline is maintained.
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Discovery Silver (DSV) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.67B
Dividend YieldN/A
Average Volume (3M)2.55M
Price to Earnings (P/E)20.3
Beta (1Y)2.61
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees35
SectorBasic Materials
Sector Strength58
IndustrySilver
Share Statistics
EPS (TTM)0.26
Shares Outstanding810,344,600
10 Day Avg. Volume2,501,550
30 Day Avg. Volume2,552,258
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)9.20
Price to Sales (P/S)6.32
P/FCF Ratio32.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$14.17Price Target Upside29.73% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.5
Revenue Forecast (FY)C$1.35B
Discovery Silver Business Overview & Revenue Model
Company Description
Discovery Silver Corp., a mineral exploration company, engages in the exploration and development of polymetallic mineral deposits. The company's flagship property is the Cordero silver project, comprising 26 contiguous claims that covers an area ...
How the Company Makes Money
null...
Discovery Silver Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.19B | 912.73M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 550.84M | 389.93M | -379.06K | -363.74K | -289.34K | -191.75K |
| EBITDA | 602.86M | 425.01M | -19.03M | -20.55M | -43.61M | -37.25M |
| Net Income | 237.48M | 149.24M | -20.90M | -15.75M | -41.10M | -35.47M |
Balance Sheet | ||||||
| Total Assets | 1.80B | 1.79B | 85.39M | 109.98M | 68.25M | 84.53M |
| Cash, Cash Equivalents and Short-Term Investments | 385.21M | 409.92M | 20.60M | 44.63M | 34.84M | 55.59M |
| Total Debt | 10.98M | 10.00M | 1.02M | 309.01K | 409.75K | 32.22K |
| Total Liabilities | 1.14B | 1.17B | 7.57M | 12.53M | 1.81M | 1.34M |
| Stockholders Equity | 663.85M | 626.34M | 77.82M | 97.44M | 66.45M | 83.20M |
Cash Flow | ||||||
| Free Cash Flow | 194.86M | 175.21M | -21.25M | -26.63M | -29.45M | -29.27M |
| Operating Cash Flow | 491.40M | 384.34M | -14.42M | -1.15M | -29.14M | -24.65M |
| Investing Cash Flow | -558.60M | -465.73M | -6.83M | -25.42M | 10.87M | -4.62M |
| Financing Cash Flow | 478.35M | 475.57M | 715.14K | 36.78M | 10.79M | 18.99M |
Discovery Silver Technical Analysis
Negative
10.92
Price Trends
9.13
Negative
9.49
Negative
7.82
Positive
Market Momentum
-0.27
Positive
44.90
Neutral
61.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DSV, the sentiment is Negative. The current price of 10.92 is above the 20-day moving average (MA) of 8.92, above the 50-day MA of 9.13, and above the 200-day MA of 7.82, indicating a neutral trend. The MACD of -0.27 indicates Positive momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 61.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DSV.
Discovery Silver Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$13.56B | 33.46 | 10.82% | 0.12% | 110.86% | ― | |
78 Outperform | C$3.97B | 8.46 | 20.79% | ― | -4.16% | 116.44% | |
78 Outperform | C$30.83B | 17.58 | 19.65% | 0.88% | 32.74% | 255.77% | |
76 Outperform | C$6.67B | 20.32 | 36.88% | ― | ― | ― | |
74 Outperform | C$3.91B | 32.42 | 20.80% | ― | 313.42% | ― | |
69 Neutral | C$3.75B | -271.42 | -1.29% | 0.29% | 45.46% | -115.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
TSE:DSV
Discovery Silver
8.29
4.74
133.52%
TSE:AG
First Majestic Silver
27.43
15.98
139.46%
TSE:FVI
Fortuna Mining Corp
13.14
3.03
29.97%
TSE:PAAS
Pan American Silver
73.77
35.08
90.66%
TSE:SVM
Silvercorp Metals
17.18
11.29
191.58%
TSE:AYA
Aya Gold & Silver
27.12
12.67
87.68%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.