Dundee Precious Metals (TSE:DPM) Hits New 12-Month High After Analyst Upgrade

Dundee Precious Metals Inc. (TSE:DPM)’s share price hit a new 52-week high during trading on Monday after Stifel Nicolaus raised their price target on the stock from C$19.50 to C$23.75. The stock traded as high as C$20.29 and last traded at C$20.21, with a volume of 55934 shares. The stock had previously closed at C$19.63.

Other research analysts also recently issued reports about the company. CIBC increased their price objective on Dundee Precious Metals from C$18.00 to C$21.00 in a report on Thursday, April 17th. Scotiabank raised their target price on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. 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. Finally, Jefferies Financial Group boosted their price objective on shares of Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th.

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of C$17.06, for a total value of C$115,155.00. Also, Senior Officer Iliya Garkov sold 12,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$18.49, for a total transaction of C$221,880.00. In the last quarter, insiders have sold 42,583 shares of company stock valued at $780,496. 0.16% of the stock is currently owned by corporate insiders.

Dundee Precious Metals Stock Down 5.4 %

The company has a 50 day moving average price of C$18.02 and a 200-day moving average price of C$15.21. The company has a market cap of C$2.32 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.04 and a beta of 1.20.

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.