Stifel Nicolaus Issues Positive Forecast for Dundee Precious Metals (TSE:DPM) Stock Price

Dundee Precious Metals (TSE:DPM) had its target price upped by analysts at Stifel Nicolaus from C$19.50 to C$23.75 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 19.59% from the stock’s previous close.

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

Dundee Precious Metals Stock Up 1.2 %

Dundee Precious Metals stock traded up C$0.23 during mid-day trading on Monday, hitting C$19.86. 210,543 shares of the company were exchanged, compared to its average volume of 612,781. The company has a market capitalization of C$2.45 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The business has a fifty day moving average of C$17.88 and a 200 day moving average of C$15.14. Dundee Precious Metals has a 1-year low of C$10.21 and a 1-year high of C$20.29.

Insiders Place Their Bets

In related news, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals 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, Director Nikolay Hristov sold 3,833 shares of the stock in a transaction dated 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 three months, insiders sold 42,583 shares of company stock valued at $780,496. 0.16% of the stock is currently owned by 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.