Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High After Analyst Upgrade

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high during mid-day trading 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 changing hands. The stock had previously closed at C$50.29.

Other research analysts have also issued reports about the company. BMO Capital Markets lifted their target price on Dundee Precious Metals from C$38.00 to C$50.00 in a report on Friday, December 5th. Canaccord Genuity Group raised their price objective on shares of Dundee Precious Metals from C$28.50 to C$38.00 in a research report on Thursday, October 2nd. CIBC lifted their price objective on shares of Dundee Precious Metals from C$40.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. TD Securities boosted their target price on shares of Dundee Precious Metals from C$42.00 to C$57.00 in a report on Thursday, January 22nd. Finally, National Bankshares increased their target price on shares of Dundee Precious Metals from C$36.50 to C$43.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$42.75.

Dundee Precious Metals Price Performance

The firm’s fifty day simple moving average is C$42.26 and its 200 day simple moving average is C$33.09. The company has a market capitalization of C$11.46 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 0.04 and a beta of 1.34.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings results on Thursday, November 13th. The mining company reported C$0.73 earnings per share (EPS) for the quarter. Dundee Precious Metals had a net margin of 41.23% and a return on equity of 17.15%. The business had revenue of C$372.35 million for the quarter. Equities research analysts forecast that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current fiscal 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.