TD Securities Upgrades Dundee Precious Metals (TSE:DPM) to “Strong-Buy”

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

DPM has been the subject of several other research reports. Scotiabank upped their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. Royal Bank of Canada upped their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. CIBC lifted their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. Finally, BMO Capital Markets upped their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Stock Performance

DPM stock opened at C$15.17 on Tuesday. The firm has a 50 day moving average of C$13.58 and a two-hundred day moving average of C$13.30. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$15.45. The company has a market capitalization 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 company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.05). Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. 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.