Dundee Precious Metals (TSE:DPM) Given New C$18.50 Price Target at Scotiabank

Dundee Precious Metals (TSE:DPM) had its price objective lifted by stock analysts at Scotiabank from C$18.00 to C$18.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 31.95% 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 analysts have also recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Royal Bank of Canada increased their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. Jefferies Financial Group lifted their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Finally, CIBC increased their price target on Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th.

Dundee Precious Metals Stock Performance

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

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.