Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High After Analyst Upgrade

Dundee Precious Metals Inc. (TSE:DPM) shares reached a new 52-week high during mid-day trading on Friday after Canaccord Genuity Group raised their price target on the stock from C$28.50 to C$38.00. The company traded as high as C$32.06 and last traded at C$32.04, with a volume of 282516 shares traded. The stock had previously closed at C$31.35.

DPM has been the subject of several other reports. Macquarie raised Dundee Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 17th. TD Securities boosted their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Scotiabank boosted their price target on Dundee Precious Metals from C$26.50 to C$28.50 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Stifel Canada raised Dundee Precious Metals to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada boosted their price target on Dundee Precious Metals from C$24.00 to C$32.00 and gave the stock a “moderate buy” rating in a research report on Wednesday, September 10th. Two investment 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. According to MarketBeat.com, Dundee Precious Metals currently has a consensus rating of “Buy” and a consensus price target of C$29.91.

Dundee Precious Metals Price Performance

The business has a fifty day moving average price of C$26.84 and a two-hundred day moving average price of C$22.50. The firm has a market capitalization of C$7.06 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 0.04 and a beta of 0.79.

Dundee Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued 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 dividend payout ratio is presently 11.51%.

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.