Stifel Canada Upgrades Dundee Precious Metals (TSE:DPM) to “Strong-Buy”

Dundee Precious Metals (TSE:DPM) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports. Stifel Canada also issued estimates for Dundee Precious Metals’ FY2028 earnings at $3.88 EPS.

Other research analysts have also issued research reports about the company. Scotiabank raised their price objective on Dundee Precious Metals from C$26.50 to C$28.50 and gave the company an “outperform” rating in a report on Thursday. CIBC raised their price objective on Dundee Precious Metals from C$23.00 to C$25.00 in a report on Monday, June 16th. Canaccord Genuity Group raised their price objective on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, June 17th. Finally, TD Securities raised their price objective on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$23.97.

Dundee Precious Metals Stock Performance

Dundee Precious Metals stock opened at C$27.60 on Thursday. The company’s fifty day moving average price is C$23.73 and its 200 day moving average price is C$20.73. Dundee Precious Metals has a 1 year low of C$12.30 and a 1 year high of C$27.78. The stock has a market capitalization of C$6.12 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.04 and a beta of 0.79.

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.