Stifel Canada Issues Optimistic Outlook for TSE:DPM Earnings

Dundee Precious Metals Inc. (TSE:DPM - Free Report) - Stock analysts at Stifel Canada upped their FY2024 earnings per share (EPS) estimates for Dundee Precious Metals in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the mining company will post earnings per share of $1.86 for the year, up from their prior forecast of $1.83. The consensus estimate for Dundee Precious Metals' current full-year earnings is $1.90 per share. Stifel Canada also issued estimates for Dundee Precious Metals' FY2025 earnings at $2.18 EPS and FY2026 earnings at $1.46 EPS.

DPM has been the topic of several other research reports. Royal Bank of Canada boosted their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. TD Securities raised Dundee Precious Metals to a "strong-buy" rating in a report on Tuesday, February 4th. BMO Capital Markets raised their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. CIBC upped their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research note on Thursday, December 19th. Finally, Scotiabank raised their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th.

Dundee Precious Metals Stock Performance

Shares of TSE DPM traded up C$0.28 during mid-day trading on Friday, hitting C$16.00. 511,793 shares of the company were exchanged, compared to its average volume of 452,419. The stock has a 50 day simple moving average of C$13.71 and a 200-day simple moving average of C$13.37. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$16.22. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The firm has a market cap of C$2.88 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals Company Profile

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.