Dundee Precious Metals (TSE:DPM) Given New C$12.50 Price Target at Scotiabank

Dundee Precious Metals (TSE:DPMGet Rating) had its price objective lowered by stock analysts at Scotiabank from C$13.00 to C$12.50 in a report issued on Friday, BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 101.94% from the company’s current price.

DPM has been the topic of several other reports. National Bankshares decreased their price objective on shares of Dundee Precious Metals from C$10.50 to C$8.75 and set a “sector perform” rating on the stock in a research report on Thursday, July 21st. BMO Capital Markets assumed coverage on shares of Dundee Precious Metals in a research note on Tuesday, May 3rd. They set a “buy” rating and a C$11.00 target price for the company. Finally, Canaccord Genuity Group lifted their price objective on shares of Dundee Precious Metals from C$9.00 to C$9.50 in a research note on Friday, April 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Dundee Precious Metals has a consensus rating of “Moderate Buy” and an average target price of C$11.09.

Dundee Precious Metals Stock Down 3.0 %

Shares of DPM stock opened at C$6.19 on Friday. The company has a market capitalization of C$1.18 billion and a price-to-earnings ratio of 4.59. Dundee Precious Metals has a one year low of C$5.53 and a one year high of C$9.65. The company’s fifty day moving average price is C$6.83 and its 200-day moving average price is C$7.38. The company has a debt-to-equity ratio of 1.98, a current ratio of 5.70 and a quick ratio of 5.19.

Dundee Precious Metals (TSE:DPMGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The mining company reported C$0.24 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.02. The firm had revenue of C$194.82 million for the quarter. Sell-side analysts expect that Dundee Precious Metals will post 1.22 EPS for the current fiscal year.

About Dundee Precious Metals

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Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.

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