Dundee Precious Metals (TSE:DPM) Given New C$38.00 Price Target at Canaccord Genuity Group

Dundee Precious Metals (TSE:DPM) had its price objective hoisted by Canaccord Genuity Group from C$28.50 to C$38.00 in a report issued on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Macquarie upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a report on Wednesday, September 17th. BMO Capital Markets set a C$36.00 price objective on shares of Dundee Precious Metals and gave the company an “outperform” rating in a research note on Friday, September 12th. Scotiabank lifted their price objective on shares of Dundee Precious Metals from C$26.50 to C$28.50 and gave the company an “outperform” rating in a research note on Thursday, September 4th. CIBC reduced their price objective on shares of Dundee Precious Metals from C$38.00 to C$33.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on shares of Dundee Precious Metals from C$24.00 to C$32.00 and gave the company a “moderate buy” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$29.91.

Dundee Precious Metals Stock Up 0.1%

Dundee Precious Metals stock opened at C$31.35 on Thursday. The company’s fifty day simple moving average is C$26.67 and its 200-day simple moving average is C$22.40. Dundee Precious Metals has a 12 month low of C$12.30 and a 12 month high of C$32.06. The stock has a market cap of C$6.96 billion, a P/E ratio of 22.55, a P/E/G ratio of 0.04 and a beta of 0.79.

Dundee Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Dundee Precious Metals’s payout ratio is presently 11.51%.

Dundee Precious Metals Company Profile

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.