Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High – Still a Buy?

Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$49.50 and last traded at C$48.92, with a volume of 128616 shares changing hands. The stock had previously closed at C$48.25.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DPM. Jefferies Financial Group upped their target price on Dundee Precious Metals from C$40.00 to C$42.00 in a report on Friday, October 17th. BMO Capital Markets upped their price objective on Dundee Precious Metals from C$38.00 to C$50.00 in a research note on Friday, December 5th. Canaccord Genuity Group raised their target price on Dundee Precious Metals from C$28.50 to C$38.00 in a research note on Thursday, October 2nd. Scotiabank upped 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 report on Friday, December 5th. Finally, National Bankshares boosted their target price on shares of Dundee Precious Metals from C$36.50 to C$43.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$37.86.

Dundee Precious Metals Trading Up 0.9%

The company’s 50-day moving average price is C$41.23 and its two-hundred day moving average price is C$32.41. The company has a market cap of C$10.93 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 0.04 and a beta of 1.34.

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