Dundee Precious Metals (TSE:DPM) Hits New 52-Week High on Analyst Upgrade

Dundee Precious Metals Inc. (TSE:DPM)’s share price 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 traded. The stock had previously closed at C$50.29.

DPM has been the subject of several other research reports. National Bankshares raised their price target on Dundee Precious Metals from C$36.50 to C$43.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. TD Securities increased their price objective on Dundee Precious Metals from C$42.00 to C$57.00 in a research note on Thursday. Jefferies Financial Group lifted their price objective on Dundee Precious Metals from C$40.00 to C$42.00 in a research report on Friday, October 17th. CIBC upped their target price on shares of Dundee Precious Metals from C$40.00 to C$44.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, BMO Capital Markets raised their price target on shares of Dundee Precious Metals from C$38.00 to C$50.00 in a research note on Friday, December 5th. Two equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$42.75.

Dundee Precious Metals Price Performance

The stock has a market cap of C$11.46 billion, a PE ratio of 29.67, a P/E/G ratio of 0.04 and a beta of 1.34. The stock has a 50-day simple moving average of C$41.92 and a 200-day simple moving average of C$32.88.

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