DPM Metals price target raised to C$46 from C$43.50 at National Bank

National Bank raised the firm’s price target on DPM Metals (DPMLF) to C$46 from C$43.50 and keeps an Outperform rating on the shares. The company’s production trajectory is well-defined, underpinned by cornerstone mines Chelopech and Vare, the analyst tells investors in a research note. The firm further cites the emerging visibility for a further step change to 800k oz AuEq in 2032/33 with the addition of a standalone Rakita Camp mine anchored by Dumitru Potek.