Dundee Precious Metals (TSE:DPM) Hits New 12-Month High – What’s Next?

Dundee Precious Metals Inc. (TSE:DPM) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$17.01 and last traded at C$17.01, with a volume of 36702 shares traded. The stock had previously closed at C$16.34.

Wall Street Analyst Weigh In

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

Dundee Precious Metals Stock Performance

The firm has a market cap of C$2.11 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The stock has a 50-day simple moving average of C$14.18 and a two-hundred day simple moving average of C$13.61.

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.