Dundee Precious Metals (TSE:DPM) PT Set at C$36.00 by BMO Capital Markets

Key Points

• BMO Capital Markets has set a price target of C$36.00 for Dundee Precious Metals, indicating a potential upside of 20.56% from its current price.
• The stock currently holds an average rating of "Buy" among analysts, with one strong buy and five buy ratings issued.
• Dundee Precious Metals' stock price has fluctuated between a 1-year low of C$12.30 and a high of C$30.52, currently trading at C$29.86.

Dundee Precious Metals (TSE:DPM - Get Free Report) received a C$36.00 price objective from BMO Capital Markets in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the mining company's stock. BMO Capital Markets' target price suggests a potential upside of 20.56% from the stock's current price.

Other analysts have also issued reports about the stock. Stifel Canada raised shares of Dundee Precious Metals to a "strong-buy" rating in a research note on Thursday, September 4th. Canaccord Genuity Group upped their price objective on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. CIBC boosted their target price on shares of Dundee Precious Metals from C$23.00 to C$25.00 in a report on Monday, June 16th. Scotiabank boosted their target price on shares of Dundee Precious Metals from C$26.50 to C$28.50 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Finally, TD Securities boosted their target price on shares of Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a "buy" rating in a report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$27.28.

Dundee Precious Metals Stock Up 0.2%

TSE:DPM traded up C$0.06 during mid-day trading on Friday, reaching C$29.86. The company's stock had a trading volume of 473,890 shares, compared to its average volume of 672,565. Dundee Precious Metals has a 1 year low of C$12.30 and a 1 year high of C$30.52. The stock has a fifty day moving average of C$24.30 and a 200-day moving average of C$21.06. The firm has a market capitalization of C$6.63 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.04 and a beta of 0.79.

About Dundee Precious Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.

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