Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on Dundee Precious Mtl today and set a price target of C$34.00. The company’s shares closed yesterday at C$31.33.
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According to TipRanks, Rico is a top 100 analyst with an average return of 31.0% and a 72.93% success rate. Rico covers the Basic Materials sector, focusing on stocks such as B2Gold, Orla Mining, and Dundee Precious Mtl.
Currently, the analyst consensus on Dundee Precious Mtl is a Strong Buy with an average price target of C$32.85, which is a 4.85% upside from current levels. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a C$38.00 price target.
Based on Dundee Precious Mtl’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$186.42 million and a net profit of C$83.39 million. In comparison, last year the company earned a revenue of C$152.13 million and had a net profit of C$62.46 million
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