Dundee Precious Metals (TSE:DPM) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Dundee Precious Metals (TSE:DPM) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on DPM. BMO Capital Markets boosted their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Royal Bank of Canada boosted their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Scotiabank boosted their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. Finally, CIBC boosted their price target on Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th.

Dundee Precious Metals Trading Up 0.9 %

DPM opened at C$15.17 on Tuesday. The stock has a market cap of C$2.73 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.04 and a beta of 1.20. The stock’s 50 day moving average price is C$13.58 and its 200-day moving average price is C$13.30. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$15.45. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Tuesday, November 5th. The mining company reported C$0.35 EPS for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.05). Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. On average, equities analysts forecast that Dundee Precious Metals will post 1.9039474 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 primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.