CIBC Has Lowered Expectations for Dundee Precious Metals (TSE:DPM) Stock Price

Dundee Precious Metals (TSE:DPM) had its price target cut by research analysts at CIBC from C$38.00 to C$33.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “neutral” rating on the mining company’s stock. CIBC’s target price would indicate a potential upside of 5.26% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. TD Securities lifted their price target on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company 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 note on Tuesday, June 17th. BMO Capital Markets set a C$36.00 price target on Dundee Precious Metals and gave the stock an “outperform” rating in a research report on Friday, September 12th. Scotiabank raised their price objective on Dundee Precious Metals from C$26.50 to C$28.50 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Royal Bank Of Canada lifted 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 note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dundee Precious Metals has an average rating of “Buy” and a consensus price target of C$29.91.

Dundee Precious Metals Trading Up 0.1%

TSE:DPM opened at C$31.35 on Wednesday. The company has a market capitalization of C$6.96 billion, a P/E ratio of 22.55, a PEG ratio of 0.04 and a beta of 0.79. Dundee Precious Metals has a 12 month low of C$12.30 and a 12 month high of C$32.06. The firm has a fifty day simple moving average of C$26.67 and a 200-day simple moving average of C$22.40.

About Dundee Precious Metals

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.