Dundee Precious Metals (TSE:DPM) Sets New 1-Year High – Still a Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$18.81 and last traded at C$18.45, with a volume of 630149 shares trading hands. The stock had previously closed at C$18.47.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank lifted their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. CIBC boosted their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th. Finally, Royal Bank of Canada raised their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th.

Dundee Precious Metals Stock Down 0.1 %

The company’s 50-day moving average is C$15.96 and its 200 day moving average is C$14.28. The company has a market cap of C$2.28 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Activity

In other news, Senior Officer Iliya Garkov sold 12,000 shares of the stock in a transaction that occurred 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. Also, Director Nikolay Hristov sold 3,833 shares of Dundee Precious Metals stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total transaction of C$67,460.80. Insiders have sold 22,583 shares of company stock worth $404,496 in the last ninety days. Company 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.