Dundee Precious Mtl (DPM) Receives a Rating Update from a Top Analyst

RBC Capital analyst Michael Siperco maintained a Buy rating on Dundee Precious Mtl on October 7. The company’s shares closed yesterday at C$32.49.

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According to TipRanks, Siperco is a top 25 analyst with an average return of 48.3% and a 73.35% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Lundin Gold, Orla Mining, and IAMGOLD.

Dundee Precious Mtl has an analyst consensus of Strong Buy, with a price target consensus of C$33.83, which is a 4.12% upside from current levels. In a report released on October 6, Jefferies also maintained a Buy rating on the stock with a C$40.00 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