Dundee Precious Metals (TSE:DPM) Stock Price Expected to Rise, CIBC Analyst Says

Dundee Precious Metals (TSE:DPM) had its target price upped by investment analysts at CIBC from C$40.00 to C$44.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the mining company’s stock. CIBC’s target price would indicate a potential upside of 10.19% from the company’s current price.

DPM has been the subject of a number of other reports. Jefferies Financial Group raised their price objective on Dundee Precious Metals from C$40.00 to C$42.00 in a research report on Friday, October 17th. BMO Capital Markets increased their price target on shares of Dundee Precious Metals from C$38.00 to C$50.00 in a research report on Friday. Macquarie upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a report on Wednesday, September 17th. Scotiabank boosted 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 report on Thursday, September 4th. Finally, Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$28.50 to C$38.00 in a research report on Thursday, October 2nd. 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 MarketBeat.com, Dundee Precious Metals has a consensus rating of “Buy” and an average price target of C$37.86.

Dundee Precious Metals Price Performance

TSE DPM traded up C$0.64 on Friday, hitting C$39.93. 547,950 shares of the stock were exchanged, compared to its average volume of 778,983. The company’s 50-day moving average price is C$33.17 and its two-hundred day moving average price is C$27.03. Dundee Precious Metals has a 52-week low of C$12.76 and a 52-week high of C$40.83. The company has a market capitalization of C$8.86 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 0.04 and a beta of 1.21.

Dundee Precious Metals (TSE:DPM) last released its 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 return on equity of 17.15% and a net margin of 41.23%.The company had revenue of C$372.35 million during the quarter. Equities analysts predict 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.