Dundee Precious Metals (TSE:DPM) Sets New 52-Week High Following Analyst Upgrade

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from C$19.50 to C$23.75. The company traded as high as C$20.29 and last traded at C$20.21, with a volume of 55934 shares traded. The stock had previously closed at C$19.63.

Several other equities analysts have also recently issued reports on DPM. Scotiabank raised their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. CIBC raised their price target on shares of Dundee Precious Metals from C$18.00 to C$21.00 in a research report on Thursday, April 17th. Royal Bank of Canada boosted their price objective on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Friday, April 4th. TD Securities raised shares of Dundee Precious Metals to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their target price on Dundee Precious Metals from C$19.00 to C$23.00 in a research note on Friday, April 4th.

Insider Buying and Selling at Dundee Precious Metals

In other news, Director Marie-Anne Tawil sold 10,000 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$19.08, for a total value of C$190,800.00. Also, Senior Officer Iliya Garkov sold 12,000 shares of the firm'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. Insiders sold 42,583 shares of company stock valued at $780,496 in the last ninety days. Company insiders own 0.16% of the company's stock.

Dundee Precious Metals Stock Performance

The business's 50 day moving average price is C$18.15 and its two-hundred day moving average price is C$15.30. The company has a market capitalization of C$2.27 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

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.