Discovery Silver (TSE:DSV)
TSX:DSV
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Discovery Silver
(TSX:DSV)
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Rating:66Neutral
Price Target:
C$9.50
▼(-13.00% Downside)
Action:ReiteratedDate:02/21/26
The score is primarily supported by the sharp 2025 improvement in profitability and cash flow alongside a conservatively leveraged balance sheet. This is offset by a demanding valuation (very high P/E) and only moderate/neutral technical signals with high volatility risk.
Positive Factors
Conservative balance sheet
Very low leverage reduces financial distress risk and preserves funding optionality for project development. A large equity base and substantial asset growth (~2.46B in assets) provide balance-sheet capacity to finance Cordero's construction or absorb setbacks without immediate dilutive financing.
Negative Factors
Limited historical operating track record
Several years of recurring losses and negative cash flow mean the 2025 inflection has limited historical backing. Sustaining new profitability requires consistent metal prices, execution on ramp-up, and operational stability; past performance raises uncertainty about durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage reduces financial distress risk and preserves funding optionality for project development. A large equity base and substantial asset growth (~2.46B in assets) provide balance-sheet capacity to finance Cordero's construction or absorb setbacks without immediate dilutive financing.
Read all positive factors
Discovery Silver (DSV) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$8.29B
Dividend YieldN/A
Average Volume (3M)3.00M
Price to Earnings (P/E)38.6
Beta (1Y)2.63
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees35
SectorBasic Materials
Sector Strength58
IndustrySilver
Share Statistics
EPS (TTM)0.19
Shares Outstanding810,344,600
10 Day Avg. Volume1,891,123
30 Day Avg. Volume3,003,760
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$14.92Price Target Upside36.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.51
Revenue Forecast (FY)C$1.32B
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
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 912.73M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 389.93M | -379.06K | -363.74K | -289.34K | -191.75K |
| EBITDA | 425.01M | -19.03M | -20.55M | -43.61M | -37.25M |
| Net Income | 149.24M | -20.90M | -15.75M | -41.10M | -35.47M |
Balance Sheet | |||||
| Total Assets | 1.79B | 85.39M | 109.98M | 68.25M | 84.53M |
| Cash, Cash Equivalents and Short-Term Investments | 409.92M | 20.60M | 44.63M | 34.84M | 55.59M |
| Total Debt | 10.00M | 1.02M | 309.01K | 409.75K | 32.22K |
| Total Liabilities | 1.17B | 7.57M | 12.53M | 1.81M | 1.34M |
| Stockholders Equity | 626.34M | 77.82M | 97.44M | 66.45M | 83.20M |
Cash Flow | |||||
| Free Cash Flow | 175.21M | -21.25M | -26.63M | -29.45M | -29.27M |
| Operating Cash Flow | 384.34M | -14.42M | -1.15M | -29.14M | -24.65M |
| Investing Cash Flow | -465.73M | -6.83M | -25.42M | 10.87M | -4.62M |
| Financing Cash Flow | 475.57M | 715.14K | 36.78M | 10.79M | 18.99M |
Discovery Silver Technical Analysis
Positive
10.92
Price Trends
9.60
Positive
9.24
Positive
6.89
Positive
Market Momentum
0.33
Negative
65.97
Neutral
82.66
Negative
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 10.92 is above the 20-day moving average (MA) of 9.21, above the 50-day MA of 9.60, and above the 200-day MA of 6.89, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 65.97 is Neutral, neither overbought nor oversold. The STOCH value of 82.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | C$33.27B | 11.93 | 16.85% | 0.88% | 25.04% | ― | |
73 Outperform | C$4.38B | 9.95 | 18.47% | ― | 7.61% | 915.74% | |
72 Outperform | C$14.36B | 47.66 | 6.49% | 0.12% | 88.70% | ― | |
71 Outperform | C$3.74B | -29.08 | -2.37% | 0.29% | 37.50% | -60.92% | |
66 Neutral | C$8.29B | 38.62 | 29.78% | ― | ― | ― | |
65 Neutral | C$3.50B | 43.08 | 12.50% | ― | 241.04% | -80.07% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
TSE:DSV
Discovery Silver
10.92
8.03
277.85%
TSE:AG
First Majestic Silver
29.48
20.58
231.20%
TSE:FVI
Fortuna Mining Corp
14.90
6.16
70.48%
TSE:PAAS
Pan American Silver
80.95
44.21
120.35%
TSE:SVM
Silvercorp Metals
17.57
12.31
233.71%
TSE:AYA
Aya Gold & Silver
24.82
13.71
123.40%
Discovery Silver Corporate Events
Business Operations and StrategyM&A Transactions
Discovery Silver to buy Glencore’s Kidd Operations to drive major Timmins expansion
Positive
Mar 2, 2026
Discovery Silver has agreed to acquire Glencore Canada’s Kidd Operations in Timmins, Ontario, including the Kidd metallurgical site, tailings facility and the historic Kidd Creek copper, zinc and silver mine. The deal is structured to expand...
Business Operations and StrategyExecutive/Board Changes
Discovery Silver Adds Veteran Mining Finance Leader to Board
Positive
Feb 20, 2026
Discovery Silver Corp. has appointed veteran mining finance executive Lee Hodgkinson to its Board of Directors, adding more than 25 years of public accounting and auditing experience in the mining sector to its governance bench. Hodgkinson, a form...
Business Operations and StrategyFinancial Disclosures
Discovery Silver boosts Q4 profit and cash while ramping up Porcupine growth
Positive
Feb 19, 2026
Discovery Silver reported strong fourth-quarter and full-year 2025 results driven by its Porcupine Complex in Ontario, with Q4 gold production rising 6% to 66,718 ounces and operating cash costs improving to $1,185 per ounce. The company posted ne...
Business Operations and StrategyFinancial Disclosures
Discovery Silver Posts Strong Q4 2025 Results and Maps Out Aggressive Growth Plan at Porcupine
Positive
Feb 19, 2026
Discovery Silver reported strong fourth-quarter and full-year 2025 results following its Porcupine acquisition, with Q4 gold production rising to 66,718 ounces, operating cash costs improving to $1,185 per ounce and adjusted earnings per share cli...
Business Operations and Strategy
Discovery Silver Sets March 2026 Investor Day to Highlight Growth in Gold and Silver
Positive
Feb 9, 2026
Discovery Silver Corp. will host an Investor Day on March 2, 2026, in Toronto, with a live presentation at Vantage Venues and a simultaneous webcast for remote participants. The event, scheduled for 11:00 a.m. Eastern Time and followed by a QA ses...
Business Operations and StrategyFinancial Disclosures
Discovery Silver Sets Date for Fourth-Quarter and Full-Year 2025 Results Call
Positive
Jan 28, 2026
Discovery Silver Corp. will release its financial and operating results for the fourth quarter and full year 2025 before markets open on February 19, 2026, followed by a conference call and webcast that afternoon to review the performance. The sch...
Business Operations and StrategyFinancial Disclosures
Discovery Silver Posts Strong Q4 as Porcupine Gold Output Reaches 234,702 Ounces in 2025
Positive
Jan 16, 2026
Discovery Silver reported fourth-quarter 2025 gold production of 66,718 ounces from its Porcupine operations, bringing full-year output from these mines to 234,702 ounces, including production prior to the April acquisition from Newmont. The compa...
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.