Dundee Precious Metals (TSE:DPM) Price Target Raised to C$32.00 at Royal Bank Of Canada

Dundee Precious Metals (TSE:DPM) had its price objective hoisted by analysts at Royal Bank Of Canada from C$24.00 to C$32.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm currently has a “moderate buy” rating on the mining company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 7.38% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Stifel Canada upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a report on Thursday, September 4th. TD Securities lifted their price target on 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. Canaccord Genuity Group lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. CIBC lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 in a research report on Monday, June 16th. Finally, Scotiabank lifted their price target 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. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$25.09.

Dundee Precious Metals Trading Up 0.8%

Shares of DPM stock opened at C$29.80 on Wednesday. Dundee Precious Metals has a 12 month low of C$12.30 and a 12 month high of C$29.84. The stock has a market cap of C$6.61 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 0.04 and a beta of 0.79. The company’s fifty day moving average price is C$24.30 and its 200-day moving average price is C$21.06.

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.