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Analysts at Raymond James began coverage on shares of Dundee Precious Metals (TSE:DPM) in a research report issued to clients and investors on Friday. The firm set an “outperform” rating and a C$7.50 price target on the stock. Raymond James’ price target would suggest a potential upside of 40.45% from the stock’s previous close.

Dundee Precious Metals (TSE:DPM) traded down 6.18% during mid-day trading on Friday, hitting $5.01. 172,885 shares of the company’s stock traded hands. Dundee Precious Metals has a 52 week low of $2.495 and a 52 week high of $7.00. The stock’s 50-day moving average is $4.63 and its 200-day moving average is $4.31. The company has a market cap of $703.4 million and a price-to-earnings ratio of 22.25.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. Analysts expect that Dundee Precious Metals will post $0.31 EPS for the current fiscal year.

Dundee Precious Metals Inc (TSE:DPM) is an international gold mining company.

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