Discovery Silver (DSV) AI Stock Analysis

• Market Cap: C$7.38B
• Dividend Yield: N/A
• Average Volume (3M): 4.22M
• Price to Earnings (P/E): 226.2
• Beta (1Y): 2.18
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 35
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): 0.11
• Shares Outstanding: 806,933,960
• 10 Day Avg. Volume: 2,890,739
• 30 Day Avg. Volume: 4,222,214
• PEG Ratio: -0.72
• Price to Book (P/B): 3.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$10.83
• Price Target Upside: 18.53% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.48
• Revenue Forecast (FY): C$1.41B

• Rating: 65 Neutral
• Price Target: C$9.00 ▼(-1.53% Downside)

The score is primarily supported by the TTM operational and cash-flow inflection and a low-risk balance sheet (no debt), with additional support from constructive technical momentum. The main drag is valuation (very high P/E) and the financial-profile risk signaled by inconsistent net results/negative ROE and the sharp contrast versus prior years.

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 of 34,909 contiguous hectares located in the Chihuahua state, Mexico. The company was formerly known as Discovery Metals Corp. and changed its name to Discovery Silver Corp. Discovery Silver Corp. was incorporated in 1986 and is headquartered in Toronto, Canada.

How the Company Makes Money

Discovery Silver generates revenue by exploring, developing, and eventually mining silver deposits, primarily from its Cordero project. The company invests in the exploration and evaluation of mineral properties to delineate substantial silver resources. Once these resources are confirmed and economically viable, Discovery Silver advances to the mining phase, where it extracts and sells silver to generate income. The company may also engage in strategic partnerships or joint ventures with other mining companies to share the costs and risks associated with large-scale mining operations. Revenue is further influenced by global silver prices, which can impact profitability significantly.

Discovery Silver Financial Statement Overview

Summary

TTM shows a sharp improvement with meaningful revenue ($430.4M, +122.5% growth), strong operating profitability (gross margin ~48.6%, EBITDA margin ~31.7%, EBIT margin ~22.4%), and positive free cash flow ($137.3M) alongside zero debt. Offsetting this, net results are inconsistent versus operating performance, ROE remains negative, and prior years showed no revenue and recurring losses/cash burn—raising sustainability and earnings-quality risk.

Income Statement

TTM (Trailing-Twelve-Months) shows a sharp step-change into meaningful revenue ($430.4M; revenue growth +122.5%) with strong gross and operating profitability (gross margin ~48.6%, EBITDA margin ~31.7%, EBIT margin ~22.4%). However, net results are inconsistent versus the operating line (net margin shown negative) and the prior annual periods show no revenue and recurring losses, indicating earnings quality and sustainability still carry elevated uncertainty.

Balance Sheet

Leverage is very conservative in the latest period (total debt at $0; debt-to-equity 0.0), which materially reduces financial risk. Equity and assets are sizable ($563.4M equity; $1.72B assets). The key drawback is profitability on equity remains negative (return on equity is below zero), suggesting the balance sheet strength has not yet consistently translated into shareholder returns.

Cash Flow

TTM (Trailing-Twelve-Months) cash generation is a major improvement, with operating cash flow of $274.3M and positive free cash flow of $137.3M (free cash flow growth strongly positive). That said, cash flow support relative to reported earnings looks uneven (operating cash flow to net income and free cash flow to net income appear low in the latest period), and earlier annual periods show persistent cash burn, highlighting volatility and execution risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	430.39M	0.00	0.00	0.00	0.00	0.00
Gross Profit	184.70M	0.00	0.00	0.00	0.00	0.00
EBITDA	183.57M	-13.33M	-15.55M	-32.53M	-29.24M	-14.85M
Net Income	59.59M	-14.52M	-11.86M	-30.63M	-27.81M	-13.91M
Balance Sheet
Total Assets	1.72B	85.39M	109.98M	68.25M	84.53M	87.39M
Cash, Cash Equivalents and Short-Term Investments	475.09M	20.60M	44.63M	34.84M	55.59M	64.93M
Total Debt	0.00	1.02M	309.01K	409.75K	32.22K	68.83K
Total Liabilities	1.60B	7.57M	12.53M	1.81M	1.34M	801.64K
Stockholders Equity	563.44M	77.82M	97.44M	66.45M	83.20M	86.59M
Cash Flow
Free Cash Flow	137.27M	-21.25M	-26.63M	-29.45M	-29.27M	-12.68M
Operating Cash Flow	274.25M	-14.42M	-1.15M	-29.14M	-24.65M	-12.45M
Investing Cash Flow	-394.11M	-6.83M	-25.42M	10.87M	-4.62M	-11.80M
Financing Cash Flow	475.00M	715.14K	36.78M	10.79M	18.99M	58.40M

Discovery Silver Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DSV, the sentiment is Positive. The current price of 9.14 is above the 20-day moving average (MA) of 8.72, above the 50-day MA of 7.57, and above the 200-day MA of 4.63, indicating a bullish trend. The MACD of 0.33 indicates Positive momentum. The RSI at 62.70 is Neutral, neither overbought nor oversold. The STOCH value of 71.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DSV.

Discovery Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAAS	80 Outperform	$32.88B	32.20	11.27%	0.88%	25.04%	―
FVI	76 Outperform	C$4.40B	13.13	15.63%	―	7.61%	915.74%
SVM	73 Outperform	C$3.08B	87.04	3.54%	0.29%	37.50%	-60.92%
AYA	66 Neutral	C$3.43B	1,439.29	0.71%	―	241.04%	-80.07%
DSV	65 Neutral	C$7.38B	226.24	11.03%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AG	59 Neutral	$13.53B	161.34	3.44%	0.12%	88.70%	―

Discovery Silver Corporate Events

Discovery Silver Corp. Strengthens Leadership Team with Strategic Appointments

Discovery Silver Corp. announced key management appointments, including Raymond Yip as Chief Information Officer, Kara Byrnes as Vice President of Exploration and Geology, Gerry Stinson as Vice President of Environment, and Amanda Kasner as Vice President of Business Optimization. These appointments are aimed at supporting the company’s growth and value creation strategies at its Porcupine and Mexico operations. The new team members bring extensive experience in IT, geology, environmental management, and financial strategy, which are crucial for advancing Discovery’s investment and growth plans.

The most recent analyst rating on (TSE:DSV) stock is a Buy with a C$9.50 price target. To see the full list of analyst forecasts on Discovery Silver stock, see the TSE:DSV Stock Forecast page.

Discovery Silver Corp. Reports Strong Q3 2025 Results and Promising Exploration Outcomes

Discovery Silver Corp. reported strong financial and operational results for Q3 2025, highlighted by a 56% increase in gold sales and a significant rise in cash flow, resulting in a 35% growth in their cash position to $341.5 million. The company is well-capitalized with a new revolving credit facility, enabling further investment in exploration and production growth at the Porcupine Complex, with promising exploration results indicating potential for substantial future production increases.

The most recent analyst rating on (TSE:DSV) stock is a Buy with a C$6.75 price target. To see the full list of analyst forecasts on Discovery Silver stock, see the TSE:DSV Stock Forecast page.

Discovery Silver Reports Promising Drilling Results at Porcupine Complex

Discovery Silver Corp. announced positive drilling results from its Porcupine Complex, highlighting significant gold mineralization at Hoyle Pond, Borden, Pamour, and Owl Creek. The results indicate potential for resource expansion and increased production, with new drilling programs initiated at the Dome Mine and TVZ Zone. These developments are expected to enhance the company’s operational capabilities and strengthen its position in the mining sector.

The most recent analyst rating on (TSE:DSV) stock is a Buy with a C$6.75 price target. To see the full list of analyst forecasts on Discovery Silver stock, see the TSE:DSV Stock Forecast page.

Discovery Silver to Announce Q3 2025 Results and Host Conference Call

Discovery Silver Corp. announced it will release its third-quarter 2025 financial and operating results on November 13, 2025, followed by a conference call to discuss these results. This announcement is significant as it provides stakeholders with insights into the company’s performance and strategic direction, particularly following its recent expansion into gold production.

The most recent analyst rating on (TSE:DSV) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Discovery Silver stock, see the TSE:DSV Stock Forecast page.

Discovery Silver and Taykwa Tagamou Nation Forge Resource Development Agreement

Discovery Silver Corp. has entered into a Resource Development Agreement with the Taykwa Tagamou Nation, establishing a cooperative framework for mining activities within TTN’s traditional territory. This agreement aims to ensure economic benefits for TTN and responsible development, while also resolving a legal action brought by TTN against Discovery.

The most recent analyst rating on (TSE:DSV) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Discovery Silver stock, see the TSE:DSV Stock Forecast page.