Dundee Precious Metals (TSE:DPM) PT Raised to C$14.50 at CIBC

Dundee Precious Metals (TSE:DPM) had its target price raised by analysts at CIBC from C$13.00 to C$14.50 in a research note issued on Wednesday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 22.47% from the company’s current price.

A number of other analysts also recently weighed in on the company. Stifel Nicolaus lifted their price target on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$13.00 to C$15.00 in a report on Thursday, June 6th. National Bankshares boosted their price objective on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday, May 15th. Canaccord Genuity Group increased their target price on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a report on Tuesday, April 23rd. Finally, Scotiabank boosted their price target on Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd.

Dundee Precious Metals Stock Performance

Dundee Precious Metals stock traded up C$0.03 during mid-day trading on Wednesday, reaching C$11.84. 320,385 shares of the company were exchanged, compared to its average volume of 530,286. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$12.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 6.61 and a current ratio of 6.92. The firm’s 50-day simple moving average is C$10.95 and its two-hundred day simple moving average is C$9.88. The firm has a market cap of C$2.15 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings data on Tuesday, May 7th. The mining company reported C$0.24 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). The firm had revenue of C$166.90 million for the quarter. Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. Equities analysts predict that Dundee Precious Metals will post 1.428934 earnings per share for the current fiscal year.

Insider Buying and Selling at Dundee Precious Metals

In related news, Senior Officer Navin Dyal purchased 15,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of C$10.70 per share, with a total value of C$160,500.00. In related news, Senior Officer David Rae sold 42,339 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$11.04, for a total value of C$467,422.56. Also, Senior Officer Navin Dyal bought 15,000 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of C$10.70 per share, for a total transaction of C$160,500.00. In the last 90 days, insiders have sold 62,181 shares of company stock worth $683,972. 0.14% of the stock is owned by insiders.

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.