Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High – Here’s What Happened

Dundee Precious Metals Inc. (TSE:DPM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$18.81 and last traded at C$18.45, with a volume of 630149 shares. The stock had previously closed at C$18.47.

Wall Street Analysts Forecast Growth

DPM has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. CIBC boosted their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, February 14th. Scotiabank increased their target price on Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. Finally, TD Securities raised Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th.

Dundee Precious Metals Trading Down 0.1 %

The stock has a 50-day moving average price of C$15.96 and a two-hundred day moving average price of C$14.28. The stock has a market cap of C$2.28 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.04 and a beta of 1.20.

Insiders Place Their Bets

In related news, Director Nikolay Hristov sold 3,833 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of C$17.60, for a total value of C$67,460.80. Also, Senior Officer Iliya Garkov sold 12,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$18.49, for a total value of C$221,880.00. Over the last 90 days, insiders sold 22,583 shares of company stock valued at $404,496. 0.16% of the stock is currently owned by corporate insiders.

About Dundee Precious Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.