Dundee Precious Metals (TSE:DPM) Upgraded at TD Securities

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

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

Dundee Precious Metals Price Performance

TSE DPM opened at C$15.17 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. The stock’s fifty day moving average price is C$13.58 and its 200 day moving average price is C$13.30. Dundee Precious Metals has a 1 year low of C$7.79 and a 1 year high of C$15.45. 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.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share for the quarter, missing the consensus estimate 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 research analysts forecast that Dundee Precious Metals will post 1.9039474 earnings per share 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.