Dundee Precious Metals (TSE:DPM) Price Target Raised to C$28.50

Dundee Precious Metals (TSE:DPM) had its price objective upped by stock analysts at Scotiabank from C$26.50 to C$28.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price objective points to a potential upside of 3.26% from the company’s previous close.

A number of other research firms have also recently issued reports on DPM. CIBC boosted their price objective on Dundee Precious Metals from C$23.00 to C$25.00 in a report on Monday, June 16th. TD Securities upped their target price on 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. Finally, Canaccord Genuity Group upped their target price on Dundee Precious Metals from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$23.97.

Dundee Precious Metals Stock Up 3.5%

DPM opened at C$27.60 on Thursday. The business has a fifty day moving average of C$23.73 and a 200 day moving average of C$20.73. Dundee Precious Metals has a 52-week low of C$12.30 and a 52-week high of C$27.78. The stock has a market cap of C$6.12 billion, a P/E ratio of 19.86, a PEG 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.