Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High – Should You Buy?

Dundee Precious Metals Inc. (TSE:DPM) shares hit a new 52-week high on Wednesday . The stock traded as high as C$65.99 and last traded at C$65.27, with a volume of 22332 shares traded. The stock had previously closed at C$62.20.

Dundee Precious Metals Trading Up 5.5%

The firm has a 50-day simple moving average of C$50.63 and a 200-day simple moving average of C$49.95. The firm has a market cap of C$14.39 billion, a P/E ratio of 21.24, a PEG ratio of 0.04 and a beta of 1.44.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings results on Thursday, July 30th. The mining company reported C$1.35 earnings per share for the quarter. Dundee Precious Metals had a net margin of 51.68% and a return on equity of 24.39%. The business had revenue of C$513.67 million for the quarter. Research analysts predict that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current fiscal year.

Insider Transactions at Dundee Precious Metals

In other news, insider Alexandria Louise Wilson sold 4,466 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of C$48.69, for a total transaction of C$217,449.54. Corporate insiders own 0.16% of the company’s stock.

Dundee Precious Metals Company Profile

DPM Metals Inc is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. The Company’s purpose is to unlock resources and generate value to thrive and grow together. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions.