Stifel Canada Has Strong Outlook for TSE:DPM FY2024 Earnings

Dundee Precious Metals Inc. (TSE:DPM) – Equities researchers at Stifel Canada upped their FY2024 earnings per share estimates for shares of Dundee Precious Metals in a research report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the mining company will earn $1.86 per share for the year, up from their prior estimate 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.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. CIBC increased their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. BMO Capital Markets raised their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Scotiabank upped their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. Finally, TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday.

Dundee Precious Metals Stock Up 1.1 %

Dundee Precious Metals stock opened at C$15.33 on Friday. The company has a market capitalization of C$2.76 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. 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 has a fifty-two week low of C$7.79 and a fifty-two week high of C$15.45. The firm has a 50 day moving average price of C$13.62 and a 200 day moving average price of C$13.31.

Dundee Precious Metals (TSE:DPM) last posted 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%.

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.