Dundee Precious Metals (TSE:DPM) Sets New 1-Year High – Here’s Why

Shares of Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high on Thursday . The company traded as high as C$43.07 and last traded at C$42.12, with a volume of 308278 shares changing hands. The stock had previously closed at C$40.98.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DPM. Macquarie raised shares of Dundee Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 17th. Stifel Canada upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research report on Thursday, September 4th. BMO Capital Markets increased their price target on shares of Dundee Precious Metals from C$38.00 to C$50.00 in a research report on Friday, December 5th. Scotiabank lifted their price target on shares of Dundee Precious Metals from C$36.50 to C$43.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada upped their price objective on 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, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Dundee Precious Metals has an average rating of “Buy” and an average target price of C$37.86.

Dundee Precious Metals Price Performance

The firm has a market capitalization of C$9.52 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 0.04 and a beta of 1.21. The stock’s 50-day simple moving average is C$35.13 and its two-hundred day simple moving average is C$28.56.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Thursday, November 13th. The mining company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$372.35 million for the quarter. Dundee Precious Metals had a net margin of 41.23% and a return on equity of 17.15%. On average, analysts forecast that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current fiscal year.

Dundee Precious Metals Company Profile

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.