CIBC Forecasts Strong Price Appreciation for Dundee Precious Metals (TSE:DPM) Stock

Dundee Precious Metals (TSE:DPM) had its price target raised by equities research analysts at CIBC from C$17.00 to C$18.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 12.64% from the company’s current price.

A number of other research firms have also recently commented on DPM. BMO Capital Markets raised their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Scotiabank raised their target price on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. Royal Bank of Canada raised their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. Finally, TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday, February 4th.

Dundee Precious Metals Trading Up 1.3 %

Shares of TSE DPM opened at C$15.98 on Friday. Dundee Precious Metals has a 12 month low of C$8.03 and a 12 month high of C$16.84. The firm has a market capitalization of C$1.97 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The firm has a fifty day simple moving average of C$14.00 and a two-hundred day simple moving average of C$13.51.

About Dundee Precious Metals

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.