Dundee Precious Metals (TSE:DPM) Stock Price Expected to Rise, Scotiabank Analyst Says

Dundee Precious Metals (TSE:DPM) had its price objective boosted by Scotiabank from C$18.00 to C$18.50 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 35.04% from the stock’s previous close. 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 brokerages have also weighed in on DPM. CIBC boosted 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. Jefferies Financial Group upped their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. BMO Capital Markets raised their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Finally, Royal Bank of Canada upped their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th.

Dundee Precious Metals Stock Performance

Shares of DPM opened at C$13.70 on Wednesday. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The business’s fifty day simple moving average is C$13.16 and its two-hundred day simple moving average is C$13.02. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$14.81. The company has a market cap of C$2.46 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 0.04 and a beta of 1.20.

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.