CIBC raised the firm’s price target on Discovery Silver (DSVSF) to C$8 from C$7 and keeps an Outperformer rating on the shares. CIBC upped price targets in the sector to reflect its higher gold price forecasts. It now sees $4,500 per ounce in in 2026 and 2027. CIBC also upped its silver forecasts to $55 per ounce in 2026 and 2027. Given the recent run in gold price and corresponding stock outperformance year-to-date, “some of these revisions are a catch-up,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DSVSF:
- Discovery Silver price target raised to C$6.75 from C$5.75 at Raymond James
- 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