Metals & Mining News

Dundee Precious Metals (OTCMKTS:DPMLF) PT Raised to C$13.00 at Scotiabank


Dundee Precious Metals (OTCMKTS:DPMLF – Get Rating) had its price objective raised by research analysts at Scotiabank from C$12.50 to C$13.00 in a note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock.

DPMLF has been the subject of a number of other research reports. Dundee Securities raised shares of Dundee Precious Metals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$8.75 to C$10.00 in a research report on Tuesday, August 2nd. Stifel Nicolaus dropped their target price on shares of Dundee Precious Metals from C$13.25 to C$11.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.04.

Dundee Precious Metals Stock Performance

DPMLF stock traded down $0.16 during trading on Tuesday, hitting $3.97. The stock had a trading volume of 28,858 shares, compared to its average volume of 24,722. The company’s 50 day moving average price is $4.74 and its two-hundred day moving average price is $5.41. Dundee Precious Metals has a 1-year low of $3.95 and a 1-year high of $7.85. The stock has a market cap of $756.32 million, a price-to-earnings ratio of 4.67 and a beta of 0.54.

Dundee Precious Metals (OTCMKTS:DPMLF – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter. Dundee Precious Metals had a net margin of 26.30% and a return on equity of 17.33%. The company had revenue of $134.50 million during the quarter.

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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Analyst Recommendations for Dundee Precious Metals (OTCMKTS:DPMLF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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