Scotiabank Increases Dundee Precious Metals (TSE:DPM) Price Target to C$15.00

Dundee Precious Metals (TSE:DPMGet Free Report) had its price target raised by Scotiabank from C$14.00 to C$15.00 in a report issued on Thursday, BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 37.87% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on DPM. Stifel Nicolaus increased their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. CIBC raised their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a report on Monday, April 15th. Canaccord Genuity Group raised their price objective on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. Jefferies Financial Group set a C$13.00 target price on shares of Dundee Precious Metals and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, National Bankshares upped their price target on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday, May 15th.

Read Our Latest Stock Report on DPM

Dundee Precious Metals Price Performance

Shares of DPM stock traded down C$0.15 during trading on Thursday, hitting C$10.88. The company had a trading volume of 194,533 shares, compared to its average volume of 532,451. The firm has a market capitalization of C$1.97 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$11.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 6.61 and a current ratio of 6.92. The stock’s 50-day moving average price is C$10.53 and its 200 day moving average price is C$9.55.

Insider Activity

In related news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the sale, the director now directly owns 550 shares in the company, valued at C$5,527.50. In other news, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the transaction, the director now directly owns 550 shares of the company’s stock, valued at approximately C$5,527.50. Also, Director Nikolay Hristov sold 3,799 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$10.10, for a total value of C$38,369.90. Over the last quarter, insiders sold 141,971 shares of company stock valued at $1,482,001. Company insiders own 0.14% of the company’s stock.

Dundee Precious Metals Company Profile

(Get Free Report)

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.

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