Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$17.44 and last traded at C$17.03, with a volume of 79058 shares. The stock had previously closed at C$17.04.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Price Performance

The company has a fifty day moving average of C$14.78 and a 200-day moving average of C$13.88. The firm has a market cap of C$2.13 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.04 and a beta of 1.20.

Insider Activity

In related news, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction on Thursday, February 20th. The stock was sold at an average price of C$17.06, for a total transaction of C$115,155.00. 0.16% of the stock is currently owned by corporate insiders.

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.