Dundee Precious Metals (TSE:DPM) Price Target Lowered to C$33.00 at CIBC

Key Points

• CIBC has lowered its price target for Dundee Precious Metals from C$38.00 to C$33.00 while maintaining a "neutral" rating, indicating a potential upside of 6.35% from the current price.
• Multiple analysts have issued varying price targets for Dundee Precious Metals, with Royal Bank of Canada raising their target to C$32.00 and Scotiabank to C$28.50, reflecting a generally positive outlook.
• The company's stock is experiencing volatility, trading at C$31.03 with a 12-month range between C$12.30 and C$32.06, and maintains a strong financial position with $763 million in net cash.

Dundee Precious Metals (TSE:DPM - Get Free Report) had its price target reduced by equities researchers at CIBC from C$38.00 to C$33.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "neutral" rating on the mining company's stock. CIBC's price target suggests a potential upside of 6.35% from the company's current price.

DPM has been the subject of a number of other reports. Royal Bank Of Canada increased 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. Scotiabank lifted 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 report on Thursday, September 4th. Macquarie raised Dundee Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 17th. BMO Capital Markets set a C$36.00 price objective on Dundee Precious Metals and gave the stock an "outperform" rating in a research note on Friday, September 12th. Finally, TD Securities raised their target price on shares of 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. 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 company. Based on data from MarketBeat.com, Dundee Precious Metals presently has a consensus rating of "Buy" and a consensus target price of C$28.28.

Dundee Precious Metals Price Performance

Shares of TSE DPM traded up C$0.18 during midday trading on Wednesday, reaching C$31.03. 723,884 shares of the stock were exchanged, compared to its average volume of 755,522. Dundee Precious Metals has a 12 month low of C$12.30 and a 12 month high of C$32.06. The company has a market capitalization of C$6.88 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 0.04 and a beta of 0.79. The business has a 50-day simple moving average of C$26.35 and a two-hundred day simple moving average of C$22.25.

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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