BMO Capital Markets on Thursday reiterated its outperform rating on the shares of Discovery Silver (DSV.TO) while removing the speculative-risk qualifier its previously applied, while raising its price target to C$4.00 from an undisclosed prior level.
"We are off restriction following the closing of Discovery's acquisition of the Porcupine Complex. The deal transforms DSV into a mid-sized gold producer in a tier-1 jurisdiction, with production over 285kozpa. DSV's management team has extensive experience in the Timmins gold camp, which we expect will unlock further upside. At 0.6x NAV, we expect DSV's discount vs. peers will narrow as the company builds an operating track record. Our NAVPS rises 6% to C$4.97/sh, and we increase our target to C$4.00 and remove the Speculative qualifier from our Outperform rating," analyst Kevin O'Halloran wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 2.84, Change: +0.06, Percent Change: +2.16
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。