Dundee Precious Metals (TSE:DPM) Hits New 12-Month High Following Analyst Upgrade

Dundee Precious Metals Inc. (TSE:DPM) shares hit a new 52-week high on Monday after Scotiabank raised their price target on the stock from C$43.00 to C$55.00. The stock traded as high as C$52.90 and last traded at C$52.46, with a volume of 95138 shares trading hands. The stock had previously closed at C$50.29.

DPM has been the topic of a number of other reports. BMO Capital Markets boosted their price objective on shares of Dundee Precious Metals from C$38.00 to C$50.00 in a report on Friday, December 5th. Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$40.00 to C$42.00 in a report on Friday, October 17th. TD Securities lifted 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 upped their price objective on shares of Dundee Precious Metals from C$40.00 to C$44.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Canaccord Genuity Group increased their price objective on shares of Dundee Precious Metals from C$28.50 to C$38.00 in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$42.75.

Dundee Precious Metals Stock Up 2.6%

The business’s 50-day simple moving average is C$42.64 and its two-hundred day simple moving average is C$33.30. The firm has a market cap of C$11.75 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 0.04 and a beta of 1.34.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Thursday, November 13th. The mining company reported C$0.73 earnings per share for the quarter. The firm had revenue of C$372.35 million during the quarter. Dundee Precious Metals had a return on equity of 17.15% and a net margin of 41.23%. On average, analysts expect that Dundee Precious Metals Inc. will post 1.9039474 earnings per share 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.