Robert Peter Charles Gillin Sells 10,000 Shares of Dundee Precious Metals Inc. (TSE:DPM) Stock

Dundee Precious Metals Inc. (TSE:DPM) Director Robert Peter Charles Gillin sold 10,000 shares of Dundee Precious Metals stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$18.52, for a total transaction of C$185,200.00.

Dundee Precious Metals Stock Performance

TSE:DPM traded up C$0.35 during mid-day trading on Tuesday, hitting C$18.79. 526,723 shares of the stock were exchanged, compared to its average volume of 615,723. The firm’s 50-day simple moving average is C$16.15 and its 200 day simple moving average is C$14.38. Dundee Precious Metals Inc. has a fifty-two week low of C$9.84 and a fifty-two week high of C$18.96. The stock has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Company Profile

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.