CIBC Forecasts Strong Price Appreciation for Dundee Precious Metals (TSE:DPM) Stock

Dundee Precious Metals (TSE:DPM) had its price objective raised by equities researchers at CIBC from C$44.00 to C$58.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 19.86% from the stock’s previous close.

A number of other analysts have also recently issued reports on DPM. BMO Capital Markets raised their price objective on Dundee Precious Metals from C$38.00 to C$50.00 in a research report on Friday, December 5th. Scotiabank raised their target price on Dundee Precious Metals from C$43.00 to C$55.00 in a report on Monday, January 26th. TD Securities upped their price objective on Dundee Precious Metals from C$42.00 to C$57.00 in a research report on Thursday, January 22nd. Jefferies Financial Group increased their target price on shares of Dundee Precious Metals from C$40.00 to C$42.00 in a report on Friday, October 17th. Finally, National Bankshares raised 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 report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Dundee Precious Metals has a consensus rating of “Buy” and an average target price of C$44.31.

Dundee Precious Metals Trading Down 1.0%

Shares of TSE:DPM traded down C$0.48 during mid-day trading on Wednesday, reaching C$48.39. The stock had a trading volume of 423,117 shares, compared to its average volume of 979,438. Dundee Precious Metals has a twelve month low of C$15.00 and a twelve month high of C$55.24. The firm has a market cap of C$10.74 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 0.04 and a beta of 1.02. The firm has a 50 day simple moving average of C$44.19 and a two-hundred day simple moving average of C$34.29.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings data on Thursday, November 13th. The mining company reported C$0.73 EPS for the quarter. The business had revenue of C$372.35 million during the quarter. Dundee Precious Metals had a net margin of 41.23% and a return on equity of 17.15%. On average, equities analysts anticipate 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.