BMO Capital Markets raises PT on Dundee Precious Metals

BMO Capital Markets raises PT on Canadian gold miner Dundee Precious Metals DPM.TO to C$50 from C$38

New PT represents 27.2% upside to stock's last close

Brokerage says DPM's Investor Day presentation underscores co's ability to sustain strong margins and free cash flow

"The key takeaway from the presentation was the materially evolved growth profile that we believe will definitely resonate with investors" - brokerage

11 of 12 brokerages rate the stock "buy" or higher, one "hold"; median PT is C$44.50 - data compiled by LSEG

As of last close, DPM up 201.3% YTD