Dundee Precious Metals (TSE:DPM) Price Target Raised to C$38.00

Dundee Precious Metals (TSE:DPM) had its target price upped by Canaccord Genuity Group from C$28.50 to C$38.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on DPM. Royal Bank Of Canada boosted their price objective on Dundee Precious Metals from C$24.00 to C$32.00 and gave the company a “moderate buy” rating in a research note on Wednesday, September 10th. Stifel Canada upgraded Dundee Precious Metals to a “strong-buy” rating in a research note on Thursday, September 4th. Macquarie upgraded Dundee Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 17th. TD Securities boosted their price objective on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Finally, Scotiabank boosted their price objective on Dundee Precious Metals from C$26.50 to C$28.50 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$29.91.

Dundee Precious Metals Trading Up 1.5%

Shares of TSE DPM opened at C$31.83 on Thursday. Dundee Precious Metals has a twelve month low of C$12.30 and a twelve month high of C$32.37. The stock has a 50 day moving average of C$26.84 and a two-hundred day moving average of C$22.52. The stock has a market cap of C$7.06 billion, a P/E ratio of 22.90, a P/E/G ratio of 0.04 and a beta of 0.79.

Dundee Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Dundee Precious Metals’s payout ratio is currently 11.51%.

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.