Dundee Precious Metals (TSE:DPM) Stock Rating Upgraded by TD Securities

Dundee Precious Metals (TSE:DPM - Get Free Report) was upgraded by analysts at TD Securities to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada boosted their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. BMO Capital Markets boosted their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Scotiabank raised their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. Finally, CIBC boosted their target price on Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th.

Dundee Precious Metals Price Performance

TSE:DPM traded up C$0.39 during trading hours on Tuesday, hitting C$15.72. 635,373 shares of the stock traded hands, compared to its average volume of 450,746. The company has a market cap of C$2.83 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$15.78. The stock has a 50 day moving average price of C$13.71 and a 200 day moving average price of C$13.36. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

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 primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.