Dundee Precious Metals (TSE:DPM)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Monday, BayStreet.CA reports. They presently have a C$8.50 price objective on the mining company’s stock. Canaccord Genuity’s price objective points to a potential upside of 49.12% from the company’s current price.
A number of other brokerages have also recently commented on DPM. M Partners reaffirmed a “buy” rating on shares of Dundee Precious Metals in a research note on Tuesday, September 24th. Beacon Securities restated a “buy” rating on shares of Dundee Precious Metals in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating, Dundee Precious Metals presently has a consensus rating of “Buy” and an average target price of C$7.00.
Shares of DPM stock opened at C$5.70 on Monday. Dundee Precious Metals has a 52-week low of C$3.18 and a 52-week high of C$5.75. The company has a quick ratio of 0.49, a current ratio of 0.97 and a debt-to-equity ratio of 3.92. The stock has a market cap of $910.10 million and a PE ratio of 51.82. The business has a 50-day simple moving average of C$4.51 and a 200-day simple moving average of C$4.62.
Dundee Precious Metals Company Profile
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; Krumovgrad that operates a gold mine located in south eastern Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.
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