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

Dundee Precious Metals (TSE:DPM) was upgraded by investment analysts at TD Securities to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. BMO Capital Markets upped their target price on 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. CIBC upped their price objective on Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upped their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th.

Dundee Precious Metals Stock Performance

TSE:DPM opened at C$15.17 on Tuesday. The stock has a fifty day moving average price of C$13.58 and a 200-day moving average price of C$13.30. The company has a market cap of C$2.73 billion, a price-to-earnings ratio of 9.98, a PEG 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.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share 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%. As a group, equities analysts anticipate that Dundee Precious Metals will post 1.9039474 EPS for the current fiscal 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.