Dundee Precious Metals (TSE:DPM) Hits New 1-Year High - What's Next?

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) shares hit a new 52-week high during mid-day 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

DPM has been the topic of a number of research reports. TD Securities raised Dundee Precious Metals to a "strong-buy" rating in a research note 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 lifted their price objective 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 lifted their price objective on 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$2.28 billion, a PE ratio of 11.65, a PEG ratio of 0.04 and a beta of 1.20. The stock has a fifty day moving average price of C$16.06 and a 200 day moving average price of C$14.32.

Insider Transactions at Dundee Precious Metals

In related news, Director Xuefeng Chen sold 6,750 shares of the business's 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. Also, Senior Officer Iliya Garkov sold 12,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$18.49, for a total value of C$221,880.00. In the last 90 days, insiders sold 22,583 shares of company stock worth $404,496. 0.16% of the stock is currently owned by company insiders.

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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.