Dundee Precious Metals (TSE:DPM) Reaches New 1-Year High – Time to Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high on Monday . The stock traded as high as C$19.11 and last traded at C$19.09, with a volume of 232472 shares traded. The stock had previously closed at C$18.87.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DPM shares. Royal Bank of Canada upped their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. Scotiabank lifted their target price on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, CIBC raised their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th.

Dundee Precious Metals Price Performance

The stock has a 50 day moving average price of C$16.55 and a 200-day moving average price of C$14.55. The stock has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Transactions at Dundee Precious Metals

In other news, Director Marie-Anne Tawil sold 10,000 shares of Dundee Precious Metals stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$19.08, for a total value of C$190,800.00. Also, Director Xuefeng Chen sold 6,750 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of C$17.06, for a total value of C$115,155.00. Insiders have sold a total of 42,583 shares of company stock worth $780,496 in the last quarter. Company insiders own 0.16% of the company’s stock.

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.