Dundee Precious Metals (TSE:DPM) Hits New 52-Week High – Here’s What Happened

Dundee Precious Metals Inc. (TSE:DPM)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$19.34 and last traded at C$19.32, with a volume of 397546 shares changing hands. The stock had previously closed at C$18.84.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DPM. Royal Bank of Canada increased their price objective on Dundee Precious Metals from C$21.00 to C$23.00 in a report on Friday, April 4th. Scotiabank increased 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. Jefferies Financial Group raised their price target on shares of Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th. CIBC upped their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th. Finally, TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th.

Dundee Precious Metals Trading Up 2.5 %

The company has a market cap of C$2.39 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company’s fifty day moving average is C$17.56 and its 200 day moving average is C$14.98.

Insider Buying and Selling

In other Dundee Precious Metals news, Director Marie-Anne Tawil sold 10,000 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$19.08, for a total value of C$190,800.00. Also, Director Xuefeng Chen sold 6,750 shares of the company’s stock in a transaction dated 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 have sold a total of 42,583 shares of company stock worth $780,496 in the last ninety days. 0.16% of the stock is owned by insiders.

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.