Dundee Precious Metals (TSE:DPM) Given New C$40.00 Price Target at CIBC

Key Points

• CIBC has raised Dundee Precious Metals' price target from C$33.00 to C$40.00, indicating a potential upside of 22.03% from its previous close.
• Other analysts, including TD Securities and BMO Capital Markets, have also increased their price targets for the stock, with Dundee Precious Metals currently holding an average price target of C$30.78.
• As of now, Dundee Precious Metals is experiencing positive trading momentum, with shares up 0.9% to C$32.78 and a market cap of C$7.27 billion.

Dundee Precious Metals (TSE:DPM - Get Free Report) had its price target raised by research analysts at CIBC from C$33.00 to C$40.00 in a report released on Friday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 22.03% from the company's previous close.

Other equities analysts have also issued research reports about the stock. TD Securities upped their price target on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. BMO Capital Markets set a C$36.00 price target on shares of Dundee Precious Metals and gave the stock an "outperform" rating in a research report on Friday, September 12th. Scotiabank upped their price target on shares of Dundee Precious Metals from C$26.50 to C$28.50 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Royal Bank Of Canada upped their price target on shares of Dundee Precious Metals from C$24.00 to C$32.00 and gave the stock a "moderate buy" rating in a research report on Wednesday, September 10th. Finally, Stifel Canada upgraded shares of Dundee Precious Metals to a "strong-buy" rating in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Dundee Precious Metals presently has an average rating of "Buy" and an average price target of C$30.78.

Dundee Precious Metals Trading Up 0.9%

Shares of TSE DPM traded up C$0.29 during mid-day trading on Friday, reaching C$32.78. The company had a trading volume of 562,183 shares, compared to its average volume of 771,307. The stock has a market cap of C$7.27 billion, a P/E ratio of 23.58, a PEG ratio of 0.04 and a beta of 0.95. The firm has a 50 day simple moving average of C$27.65 and a two-hundred day simple moving average of C$22.89. Dundee Precious Metals has a 52-week low of C$12.30 and a 52-week high of C$34.07.

Dundee Precious Metals Company Profile

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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