Dundee Precious Metals (DPM) Stock Rating Upgraded by CIBC

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Dundee Precious Metals (TSE:DPM) was upgraded by CIBC from a “neutral” rating to an “outperform” rating in a report released on Thursday. The brokerage currently has a C$6.00 price objective on the mining company’s stock, up from their previous price objective of C$4.00. CIBC’s target price indicates a potential upside of 73.91% from the stock’s previous close.

DPM has been the subject of a number of other research reports. Royal Bank of Canada upped their price target on Dundee Precious Metals from C$4.50 to C$5.00 in a report on Thursday, December 13th. Beacon Securities restated a “buy” rating on shares of Dundee Precious Metals in a report on Monday, December 17th.

Shares of TSE:DPM opened at C$3.45 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.50 and a debt-to-equity ratio of 6.07. Dundee Precious Metals has a 1 year low of C$2.56 and a 1 year high of C$3.85.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings results on Wednesday, November 7th. The mining company reported C$0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.04 by C$0.09. The company had revenue of C$136.31 million during the quarter. As a group, analysts expect that Dundee Precious Metals will post 0.28999999462963 EPS for the current year.

About Dundee Precious Metals

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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