Metals & Mining News

CIBC Lowers Dundee Precious Metals (TSE:DPM) to Neutral

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Dundee Precious Metals (TSE:DPM – Get Rating) was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating in a report released on Thursday, BayStreet.CA reports. They presently have a C$10.00 target price on the mining company’s stock, up from their previous target price of C$9.00. CIBC’s target price would indicate a potential upside of 11.86% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on DPM. Canaccord Genuity Group reduced their price objective on shares of Dundee Precious Metals from C$8.75 to C$8.50 in a research report on Thursday, October 20th. BMO Capital Markets upped their price objective on shares of Dundee Precious Metals from C$10.50 to C$11.00 in a research report on Monday, January 16th. Stifel Nicolaus upped their target price on shares of Dundee Precious Metals from C$11.00 to C$11.50 in a report on Monday, January 23rd. Finally, National Bankshares upped their target price on shares of Dundee Precious Metals from C$8.50 to C$11.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.14.

Dundee Precious Metals Price Performance

Shares of TSE DPM opened at C$8.94 on Thursday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 6.61 and a current ratio of 7.39. The firm has a fifty day moving average of C$7.04 and a 200 day moving average of C$6.51. The firm has a market cap of C$1.70 billion and a PE ratio of 22.35. Dundee Precious Metals has a one year low of C$5.41 and a one year high of C$9.20.

Dundee Precious Metals (TSE:DPM – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The mining company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.01). The business had revenue of C$167.86 million for the quarter. As a group, research analysts predict that Dundee Precious Metals will post 1.01 EPS for the current fiscal year.

Dundee Precious Metals Company Profile

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Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.

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