Dundee Precious Metals (TSE:DPM) Price Target Raised to C$23.00 at Royal Bank of Canada

Dundee Precious Metals (TSE:DPM) had its price target lifted by Royal Bank of Canada from C$21.00 to C$23.00 in a research note released on Friday,BayStreet.CA reports.

DPM has been the subject of several other research reports. Scotiabank lifted their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th. CIBC lifted their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th. Finally, TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th.

Dundee Precious Metals Stock Down 5.6 %

DPM stock opened at C$17.91 on Friday. The company has a fifty day simple moving average of C$17.01 and a two-hundred day simple moving average of C$14.74. Dundee Precious Metals has a 52 week low of C$10.18 and a 52 week high of C$19.33. The firm has a market capitalization of C$2.21 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Buying and Selling

In other news, Director Nikolay Hristov sold 3,833 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total transaction of C$67,460.80. Also, Senior Officer Iliya Garkov sold 12,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$18.49, for a total transaction of C$221,880.00. Insiders have sold 42,583 shares of company stock valued at $780,496 in the last ninety days. 0.16% of the stock is owned by company 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.