Dundee Precious Metals (TSE:DPM) Price Target Raised to C$42.00

Key Points

• Jefferies Financial Group has raised the price target for Dundee Precious Metals from C$40.00 to C$42.00, indicating a potential upside of 26.54% from its previous close.
• Other analysts, including Scotiabank and Royal Bank of Canada, have also increased their price targets, with a consensus price target of C$33.16 and an average rating of Buy.
• Despite the positive outlook, Dundee Precious Metals' stock fell 5.3% on Friday, closing at C$33.19 amid significant trading volume.

Dundee Precious Metals (TSE:DPM - Get Free Report) had its price target lifted by research analysts at Jefferies Financial Group from C$40.00 to C$42.00 in a research report issued on Friday,BayStreet.CA reports. Jefferies Financial Group's target price would suggest a potential upside of 26.54% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Scotiabank raised their target price on 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 lifted their target price on shares of 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 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 target on Dundee Precious Metals and gave the stock an "outperform" rating in a research note on Friday, September 12th. Finally, Canaccord Genuity Group boosted their price objective on Dundee Precious Metals from C$28.50 to C$38.00 in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Dundee Precious Metals currently has an average rating of "Buy" and a consensus price target of C$33.16.

Dundee Precious Metals Stock Down 5.3%

Shares of DPM stock traded down C$1.87 during trading hours on Friday, reaching C$33.19. 1,051,308 shares of the stock traded hands, compared to its average volume of 783,438. Dundee Precious Metals has a 1-year low of C$12.30 and a 1-year high of C$35.85. The firm has a market capitalization of C$7.36 billion, a PE ratio of 23.88, a PEG ratio of 0.04 and a beta of 0.95. The business has a fifty day moving average price of C$28.67 and a 200 day moving average price of C$23.42.

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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