Dundee Precious Metals (TSE:DPM) PT Raised to C$13.00 at CIBC

Dundee Precious Metals (TSE:DPM) had its price target boosted by research analysts at CIBC from C$11.50 to C$13.00 in a note issued to investors on Monday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 23.34% from the stock’s current price.

Other analysts also recently issued reports about the company. Jefferies Financial Group set a C$13.00 price objective on Dundee Precious Metals and gave the stock a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada dropped their price target on shares of Dundee Precious Metals from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. Finally, Scotiabank decreased their price objective on shares of Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th.

Dundee Precious Metals Price Performance

Dundee Precious Metals stock opened at C$10.54 on Monday. The company has a 50-day moving average price of C$9.59 and a 200 day moving average price of C$9.16. Dundee Precious Metals has a 12-month low of C$7.79 and a 12-month high of C$10.94. The company has a current ratio of 6.70, a quick ratio of 6.61 and a debt-to-equity ratio of 0.28. The stock has a market cap of C$1.91 billion, a P/E ratio of 7.92, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.10). Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. The business had revenue of C$189.66 million during the quarter. Sell-side analysts anticipate that Dundee Precious Metals will post 1.137045 earnings per share for the current year.

Insider Activity

In other Dundee Precious Metals news, Senior Officer David Rae sold 12,497 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$9.97, for a total value of C$124,595.09. In other Dundee Precious Metals news, Senior Officer David Rae sold 12,497 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$9.97, for a total transaction of C$124,595.09. Also, Director Anthony P. Walsh sold 7,200 shares of Dundee Precious Metals stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the transaction, the director now owns 550 shares of the company’s stock, valued at approximately C$5,527.50. Over the last quarter, insiders sold 79,790 shares of company stock valued at $798,029. 0.11% of the stock is currently owned by company 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.