Scotiabank Raises Dundee Precious Metals (TSE:DPM) Price Target to C$43.00

Dundee Precious Metals (TSE:DPM) had its price target increased by equities researchers at Scotiabank from C$36.50 to C$43.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s target price would suggest a potential upside of 7.69% from the stock’s previous close.

Several other brokerages have also commented on DPM. Canaccord Genuity Group upped their price objective on shares of Dundee Precious Metals from C$28.50 to C$38.00 in a report on Thursday, October 2nd. Stifel Canada raised Dundee Precious Metals to a “strong-buy” rating in a research report on Thursday, September 4th. Macquarie upgraded Dundee Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 17th. CIBC lifted their price objective on Dundee Precious Metals from C$40.00 to C$44.00 and gave the company a “neutral” rating in a research note on Friday. Finally, National Bankshares boosted their price objective on Dundee Precious Metals from C$36.50 to C$43.00 and gave the company an “outperform” rating in a report on Friday. Two investment 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 stock. According to data from MarketBeat.com, Dundee Precious Metals has a consensus rating of “Buy” and an average target price of C$37.86.

Dundee Precious Metals Stock Performance

Shares of TSE:DPM traded up C$0.64 during midday trading on Friday, reaching C$39.93. 547,950 shares of the company’s stock traded hands, compared to its average volume of 778,983. The company has a fifty day simple moving average of C$33.17 and a two-hundred day simple moving average of C$27.03. Dundee Precious Metals has a 1 year low of C$12.76 and a 1 year high of C$40.83. The company has a market cap of C$8.86 billion, a P/E ratio of 22.95, a PEG ratio of 0.04 and a beta of 1.21.

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