Dundee Precious Metals (TSE:DPM) Hits New 1-Year High – What’s Next?

Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during trading on Tuesday . The company traded as high as C$18.96 and last traded at C$18.87, with a volume of 67137 shares trading hands. The stock had previously closed at C$18.44.

Analysts Set New Price Targets

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

Dundee Precious Metals Stock Performance

The business has a 50 day moving average of C$16.35 and a two-hundred day moving average of C$14.45. The firm has a market capitalization of C$2.31 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.04 and a beta of 1.20.

Insider Activity

In other news, Director Nikolay Hristov sold 3,833 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total value of C$67,460.80. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals 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 transaction of C$115,155.00. Insiders sold a total of 32,583 shares of company stock worth $589,696 over the last quarter. Insiders own 0.16% of the company’s stock.

About Dundee Precious Metals

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.