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Dundee Precious Metals (TSE:DPM) Sets New 1-Year High - Should You Buy?

Dundee Precious Metals logo with Basic Materials background

Key Points

  • Dundee Precious Metals shares reached a new 52-week high, trading at C$33.70, with a significant trading volume of 997,422 shares.
  • Analysts have increased price targets for the stock, with a consensus rating of “Buy” and a price target averaging C$29.91, indicating strong market confidence.
  • The company announced a quarterly dividend of $0.04, translating to an annualized yield of 0.5%, showcasing its commitment to returning value to shareholders.
  • Five stocks to consider instead of Dundee Precious Metals.

Shares of Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as C$33.81 and last traded at C$33.70, with a volume of 997422 shares. The stock had previously closed at C$32.52.

Analysts Set New Price Targets

DPM has been the subject of a number of research analyst reports. Royal Bank Of Canada increased 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. Macquarie raised shares of Dundee Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 17th. Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$28.50 to C$38.00 in a research report on Thursday, October 2nd. BMO Capital Markets set a C$36.00 target price on shares of Dundee Precious Metals and gave the stock an "outperform" rating in a research report on Friday, September 12th. Finally, TD Securities increased 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 research report on Monday, June 16th. Two equities 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$29.91.

Get Our Latest Stock Report on Dundee Precious Metals

Dundee Precious Metals Stock Performance

The company has a 50-day simple moving average of C$27.45 and a 200 day simple moving average of C$22.79. The company has a market capitalization of C$7.48 billion, a P/E ratio of 24.24, a P/E/G ratio of 0.04 and a beta of 0.95.

Dundee Precious Metals Announces Dividend

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

Dundee Precious Metals Company Profile

(Get Free Report)

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.

Further Reading

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