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

Dundee Precious Metals (TSE:DPM) had its target price increased by equities researchers at Scotiabank from C$18.00 to C$18.50 in a report released on Wednesday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 35.04% 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.

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

Dundee Precious Metals Stock Performance

Shares of TSE DPM opened at C$13.70 on Wednesday. The company has a 50 day simple moving average of C$13.16 and a two-hundred day simple moving average of C$13.02. The stock has a market cap of C$2.46 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.04 and a beta of 1.20. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$14.81.

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.