Dundee Precious Metals (TSE:DPM) Stock Price Expected to Rise, CIBC Analyst Says

Dundee Precious Metals (TSE:DPM) had its price objective boosted by equities research analysts at CIBC from C$17.00 to C$18.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 11.32% from the stock’s current price.

Several other research firms also recently issued reports on DPM. Scotiabank upped their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. BMO Capital Markets upped their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th.

Dundee Precious Metals Price Performance

Shares of TSE DPM traded up C$0.40 during trading hours on Friday, hitting C$16.17. 413,190 shares of the stock were exchanged, compared to its average volume of 468,929. The company’s 50 day moving average is C$13.93 and its 200 day moving average is C$13.47. The firm has a market capitalization of C$2.00 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a one year low of C$8.03 and a one year high of C$16.84.

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.