Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High – Still a Buy?

Dundee Precious Metals Inc. (TSE:DPM)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$19.34 and last traded at C$19.32, with a volume of 397546 shares trading hands. The stock had previously closed at C$18.84.

Analyst Ratings Changes

DPM has been the topic of a number of recent analyst reports. CIBC boosted their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, February 14th. Royal Bank of Canada increased their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank upped their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their target price on Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th.

Dundee Precious Metals Price Performance

The company has a market capitalization of C$2.39 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.04 and a beta of 1.20. The stock has a 50-day moving average price of C$17.56 and a 200-day moving average price of C$14.98.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Director Marie-Anne Tawil sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$19.08, for a total value of C$190,800.00. Also, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of C$17.06, for a total transaction of C$115,155.00. Insiders have sold a total of 42,583 shares of company stock worth $780,496 over the last quarter. Company insiders own 0.16% of the company’s stock.

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.