Scotiabank Boosts Dundee Precious Metals (TSE:DPM) Price Target to C$55.00

Dundee Precious Metals (TSE:DPM) had its price objective raised by stock analysts at Scotiabank from C$43.00 to C$55.00 in a research note issued to investors on Monday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 3.85% from the company’s current price.

A number of other research firms have also weighed in on DPM. TD Securities raised their price objective on shares of Dundee Precious Metals from C$42.00 to C$57.00 in a research note on Thursday, January 22nd. CIBC raised their price target on shares of Dundee Precious Metals from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. National Bankshares boosted their price objective on Dundee Precious Metals from C$36.50 to C$43.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. BMO Capital Markets increased their price objective on Dundee Precious Metals from C$38.00 to C$50.00 in a research note on Friday, December 5th. Finally, Canaccord Genuity Group lifted their target price on Dundee Precious Metals from C$28.50 to C$38.00 in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$42.75.

Dundee Precious Metals Stock Performance

Shares of Dundee Precious Metals stock opened at C$52.96 on Monday. Dundee Precious Metals has a 52 week low of C$14.09 and a 52 week high of C$53.56. The stock has a 50 day moving average price of C$42.64 and a two-hundred day moving average price of C$33.30. The stock has a market capitalization of C$11.75 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 0.04 and a beta of 1.34.

Dundee Precious Metals (TSE:DPM) last issued its earnings results on Thursday, November 13th. The mining company reported C$0.73 earnings per share for the quarter. Dundee Precious Metals had a return on equity of 17.15% and a net margin of 41.23%.The company had revenue of C$372.35 million for the quarter. Research analysts forecast that Dundee Precious Metals will post 1.9039474 EPS for the current year.

About Dundee Precious Metals

DPM Metals engages in the acquisition, exploration, development, mining, and processing of precious metals, primarily focusing on gold, copper, and silver deposits. The company produces approximately 200,000 ounces of gold annually and is among the lowest-cost gold producers globally. DPM Metals maintains a strong financial position with $763 million in net cash as of March 2025 and has returned over $260 million to shareholders since 2020.