Dundee Precious Metals (TSE:DPM) Given New C$18.00 Price Target at CIBC

Dundee Precious Metals (TSE:DPM) had its target price lifted by CIBC from C$17.00 to C$18.00 in a research note published on Friday morning,BayStreet.CA reports.

A number of other research firms also recently commented on DPM. Royal Bank of Canada increased their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. Scotiabank increased their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. BMO Capital Markets boosted their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Finally, TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th.

Dundee Precious Metals Trading Up 1.3 %

Shares of Dundee Precious Metals stock opened at C$15.98 on Friday. The firm has a market cap of C$1.97 billion, a PE ratio of 10.07, a PEG ratio of 0.04 and a beta of 1.20. The stock has a 50 day moving average of C$13.93 and a 200 day moving average of C$13.47. Dundee Precious Metals has a 12 month low of C$8.03 and a 12 month high of C$16.84.

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.