Dundee Precious Metals (TSE:DPM) Sets New 1-Year High – Here’s Why

Dundee Precious Metals Inc. (TSE:DPM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$18.96 and last traded at C$18.87, with a volume of 67137 shares changing hands. The stock had previously closed at C$18.44.

Wall Street Analyst Weigh In

DPM has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Scotiabank boosted their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, CIBC upped their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, February 14th.

Dundee Precious Metals Stock Performance

The company has a market cap of C$2.32 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.04 and a beta of 1.20. The stock’s fifty day moving average price is C$16.15 and its two-hundred day moving average price is C$14.38.

Insider Activity

In other news, 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. Also, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of C$17.06, for a total value of C$115,155.00. In the last quarter, insiders have sold 22,583 shares of company stock worth $404,496. Insiders own 0.16% of the company’s stock.

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.