Dundee Precious Metals (TSE:DPM) Given New C$38.00 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has raised the price target for Dundee Precious Metals from C$28.50 to C$38.00, indicating a potential upside of 21.41% based on the company's previous close.
• Multiple analysts have rated Dundee Precious Metals positively, with two giving it a Strong Buy rating and five assigning a Buy rating.
• Dundee Precious Metals maintains a strong financial position with approximately $763 million in net cash and has returned over $260 million to shareholders since 2020.

Dundee Precious Metals (TSE:DPM - Get Free Report) had its price objective upped by Canaccord Genuity Group from C$28.50 to C$38.00 in a note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group's price target points to a potential upside of 21.41% from the company's previous close.

Other research analysts have also issued reports about the stock. Macquarie upgraded shares of Dundee Precious Metals to a "strong-buy" rating in a research note on Wednesday, September 17th. Stifel Canada raised Dundee Precious Metals to a "strong-buy" rating in a research report on Thursday, September 4th. BMO Capital Markets set a C$36.00 price objective on shares of Dundee Precious Metals and gave the stock an "outperform" rating in a research note on Friday, September 12th. TD Securities boosted their price objective on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Scotiabank increased their target price 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 equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$29.91.

Dundee Precious Metals Price Performance

DPM traded down C$0.03 on Thursday, reaching C$31.30. 1,163,872 shares of the company's stock were exchanged, compared to its average volume of 761,273. The stock has a market cap of C$6.94 billion, a PE ratio of 22.52, a P/E/G ratio of 0.04 and a beta of 0.79. The stock's fifty day moving average price is C$26.50 and its 200-day moving average price is C$22.31. Dundee Precious Metals has a twelve month low of C$12.30 and a twelve month high of C$32.06.

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.

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