National Bankshares Raises Dundee Precious Metals (TSE:DPM) Price Target to C$11.50

Dundee Precious Metals (TSE:DPM – Get Rating) had its price objective lifted by analysts at National Bankshares from C$11.00 to C$11.50 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would indicate a potential upside of 44.11% from the company’s previous close.

A number of other analysts also recently commented on DPM. BMO Capital Markets upped their target price on Dundee Precious Metals from C$10.50 to C$11.00 in a research note on Monday, January 16th. Stifel Nicolaus increased their price target on Dundee Precious Metals from C$11.00 to C$11.50 in a report on Monday, January 23rd. CIBC lowered Dundee Precious Metals from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$9.00 to C$10.00 in a research report on Thursday, January 26th. Finally, Canaccord Genuity Group decreased their price target on Dundee Precious Metals from C$8.75 to C$8.50 in a report on Thursday, October 20th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from, the company has an average rating of “Moderate Buy” and an average price target of C$11.21.

Dundee Precious Metals Trading Down 2.2 %

Shares of TSE:DPM opened at C$7.98 on Tuesday. The stock’s 50-day simple moving average is C$7.57 and its two-hundred day simple moving average is C$6.72. The stock has a market capitalization of C$1.52 billion and a price-to-earnings ratio of 19.95. Dundee Precious Metals has a 52-week low of C$5.41 and a 52-week high of C$9.20. The company has a debt-to-equity ratio of 1.72, a quick ratio of 6.61 and a current ratio of 7.39.

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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