Dundee Precious Metals (TSE:DPM) Hits New 12-Month High - Still a Buy?

Key Points

• Dundee Precious Metals' shares reached a new 52-week high of C$35.42 during mid-day trading, reflecting a 5.2% increase.
• Analysts have provided a consensus rating of "Buy" with a price target averaging C$30.78, highlighting strong market confidence in the stock.
• The company recently announced a quarterly dividend of $0.04 per share, with a dividend yield of 0.5%, demonstrating its commitment to returning value to shareholders.

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$35.42 and last traded at C$34.61, with a volume of 1540014 shares traded. The stock had previously closed at C$32.89.

Wall Street Analyst Weigh In

Several research firms have recently commented on DPM. CIBC upped their price objective on shares of Dundee Precious Metals from C$33.00 to C$40.00 in a report on Friday, October 10th. BMO Capital Markets set a C$36.00 price target on shares of Dundee Precious Metals and gave the company an "outperform" rating in a report on Friday, September 12th. Macquarie raised Dundee Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 17th. Canaccord Genuity Group lifted their price objective on Dundee Precious Metals from C$28.50 to C$38.00 in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada upped their target price on Dundee Precious Metals from C$24.00 to C$32.00 and gave the stock a "moderate buy" rating in a research note on Wednesday, September 10th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$30.78.

Dundee Precious Metals Stock Up 5.2%

The firm has a 50-day moving average price of C$28.23 and a two-hundred day moving average price of C$23.23. The firm has a market cap of C$7.68 billion, a PE ratio of 24.90, a P/E/G ratio of 0.04 and a beta of 0.95.

Dundee Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. Dundee Precious Metals's dividend payout ratio is presently 11.51%.

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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