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

Dundee Precious Metals Inc. (TSE:DPM) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$15.25 and last traded at C$15.04, with a volume of 389892 shares trading hands. The stock had previously closed at C$15.06.

Analyst Upgrades and Downgrades

DPM has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. CIBC increased their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. BMO Capital Markets boosted their price objective on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Finally, Scotiabank increased their target price on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th.

Dundee Precious Metals Stock Down 0.1 %

The firm has a market capitalization of C$2.70 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The firm’s 50-day moving average is C$13.54 and its 200 day moving average is C$13.28. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.05). Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. As a group, research analysts forecast that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current fiscal year.

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.