Dundee Precious Metals (DPM) Lifted to Outperform at CIBC
Dundee Precious Metals (TSE:DPM) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued on Thursday. The firm presently has a C$6.00 price objective on the mining company’s stock, up from their prior price objective of C$4.00. CIBC’s price target would suggest a potential upside of 73.91% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Beacon Securities reissued a “buy” rating on shares of Dundee Precious Metals in a research note on Monday, December 17th. Royal Bank of Canada raised their target price on Dundee Precious Metals from C$4.50 to C$5.00 in a research note on Thursday, December 13th.
TSE:DPM opened at C$3.45 on Thursday. Dundee Precious Metals has a 1 year low of C$2.56 and a 1 year high of C$3.85. The company has a current ratio of 1.50, a quick ratio of 1.07 and a debt-to-equity ratio of 6.07.
Dundee Precious Metals Company Profile
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company's principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.
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