Dundee Precious Metals (TSE:DPM) Price Target Raised to C$21.00 at CIBC

Dundee Precious Metals (TSE:DPM) had its price target hoisted by CIBC from C$18.00 to C$21.00 in a report published on Thursday,BayStreet.CA reports.

DPM has been the subject of several other reports. Royal Bank of Canada upped their price objective on Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Friday, April 4th. Scotiabank raised their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised their price objective on Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th.

Dundee Precious Metals Trading Down 1.3 %

Dundee Precious Metals stock opened at C$19.63 on Thursday. The stock has a market cap of C$2.42 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a fifty day simple moving average of C$17.80 and a 200-day simple moving average of C$15.08. Dundee Precious Metals has a 12-month low of C$10.21 and a 12-month high of C$20.13.

Insiders Place Their Bets

In related news, Director Nikolay Hristov sold 3,833 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of C$17.60, for a total value of C$67,460.80. Also, Senior Officer Iliya Garkov sold 12,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$18.49, for a total value of C$221,880.00. In the last ninety days, insiders sold 42,583 shares of company stock valued at $780,496. 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.