Jefferies raised the firm’s price target on Dundee Precious Metals (DPMLF) to C$19 from C$18 and keeps a Buy rating on the shares. The firm continues to see gold price support from central bank purchases and the Fed rate cut cycle, albeit at a slower pace than previously envisaged, and is calling for $2,658/oz gold and $4.15/lb copper in 2025, the analyst tells investors.
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