Dundee Precious Metals (TSE:DPM) Price Target Raised to C$18.50 at Scotiabank

Dundee Precious Metals (TSE:DPM) had its target price hoisted by equities research analysts at Scotiabank from C$18.00 to C$18.50 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 31.95% from the stock’s current price. Scotiabank also issued estimates for Dundee Precious Metals’ FY2024 earnings at $1.27 EPS and FY2026 earnings at $1.12 EPS.

A number of other analysts have also recently commented on DPM. CIBC lifted their price objective on Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. Royal Bank of Canada lifted their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Jefferies Financial Group upped their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. Finally, BMO Capital Markets lifted their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Price Performance

Shares of DPM traded up C$0.11 during mid-day trading on Wednesday, reaching C$14.02. 332,670 shares of the company’s stock were exchanged, compared to its average volume of 408,142. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. Dundee Precious Metals has a 52-week low of C$7.79 and a 52-week high of C$14.81. The company has a market cap of C$2.52 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.04 and a beta of 1.20. The company has a 50-day simple moving average of C$13.13 and a two-hundred day simple moving average of C$13.01.

Dundee Precious Metals Company Profile

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.