Dundee Precious Mtl (DPM) has received a rating update from a Wall Street analyst yesterday. Analyst Cosmos Chiu from CIBC reiterated a Buy rating, with a C$6.50 price target.
According to TipRanks.com, Chiu is a 4-star analyst with an average return of 5.9% and a 47.5% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Detour Gold Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dundee Precious Mtl with a C$5.75 average price target.
Dundee Precious Mtl’s market cap is currently C$633.7M and has a P/E ratio of 12.9. The company has a Price to Book ratio of 0.77.
Dundee Precious Metals, Inc. is an international gold mining company, which engages in the acquisition of mineral properties, exploration, development, and processing of metals. It operates through the following segments: Chelopech, Tsumeb, and Corporate and Other. The Chelopech segment covers gold production.
The company’s shares closed on Monday at C$3.54.
