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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank increased their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. CIBC boosted their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised their price target 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 stock has a market cap of C$2.32 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a 50-day simple moving average of C$16.15 and a two-hundred day simple moving average of C$14.38.

Insider Buying and Selling

In other news, Senior Officer Iliya Garkov sold 12,000 shares of Dundee Precious Metals 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 Xuefeng Chen sold 6,750 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of C$17.06, for a total value of C$115,155.00. Over the last three months, insiders have sold 22,583 shares of company stock worth $404,496. Insiders own 0.16% of the company’s stock.

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.