Jefferies Financial Group Boosts Dundee Precious Metals (TSE:DPM) Price Target to C$23.00

Dundee Precious Metals (TSE:DPM - Get Free Report) had its target price lifted by stock analysts at Jefferies Financial Group from C$19.00 to C$23.00 in a note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group's target price points to a potential upside of 27.85% from the stock's current price.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th. TD Securities raised Dundee Precious Metals to a "strong-buy" rating in a research report on Tuesday, February 4th. CIBC increased their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th. Finally, 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.

Dundee Precious Metals Stock Up 1.9 %

Shares of DPM traded up C$0.34 during mid-day trading on Friday, reaching C$17.99. 715,440 shares of the stock traded hands, compared to its average volume of 609,436. The stock has a fifty day simple moving average of C$17.21 and a 200 day simple moving average of C$14.82. Dundee Precious Metals has a 12-month low of C$10.18 and a 12-month high of C$19.33. The firm has a market cap of C$2.22 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 0.04 and a beta of 1.20.

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Insider Transactions at Dundee Precious Metals

In other news, Director Marie-Anne Tawil sold 10,000 shares of Dundee Precious Metals stock in a transaction that occurred 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, Director Nikolay Hristov sold 3,833 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total value of C$67,460.80. In the last 90 days, insiders sold 42,583 shares of company stock valued at $780,496. 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.