Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High on Analyst Upgrade

Key Points

• Dundee Precious Metals' stock reached a new 52-week high of C$32.06 after Canaccord Genuity raised its price target from C$28.50 to C$38.00.
• The company announced a quarterly dividend of $0.04, set to be paid on October 15th, with a dividend yield of 0.5%.
• Dundee Precious Metals has received multiple ratings upgrades, including a "strong-buy" from Macquarie and target price increases from TD Securities and Royal Bank Of Canada.

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) reached a new 52-week high during mid-day trading on Friday after Canaccord Genuity Group raised their price target on the stock from C$28.50 to C$38.00. The company traded as high as C$32.06 and last traded at C$32.04, with a volume of 282516 shares traded. The stock had previously closed at C$31.35.

A number of other research firms also recently weighed in on DPM. Macquarie raised Dundee Precious Metals to a "strong-buy" rating in a research note on Wednesday, September 17th. TD Securities lifted 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. Royal Bank Of Canada boosted their target price 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. Stifel Canada raised shares of Dundee Precious Metals to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Scotiabank upped their price objective 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. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$29.91.

Dundee Precious Metals Stock Up 2.2%

The company has a market capitalization of C$7.11 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 0.04 and a beta of 0.79. The company has a 50-day moving average price of C$26.67 and a 200-day moving average price of C$22.40.

Dundee Precious Metals Dividend Announcement

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