Dundee Precious Metals Inc (TSE:DPM)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$3.75 and last traded at C$3.66, with a volume of 485804 shares changing hands. The stock had previously closed at C$3.49.

Separately, Royal Bank of Canada upped their target price on Dundee Precious Metals from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Thursday, August 2nd.

Dundee Precious Metals (TSE:DPM) last released its earnings results on Tuesday, July 31st. The mining company reported C$0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.03. The company had revenue of C$132.80 million during the quarter. Dundee Precious Metals had a negative return on equity of 0.87% and a negative net margin of 1.82%.

In other news, insider Gmt Capital Corp sold 75,360 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of C$2.50, for a total value of C$188,400.00.

About Dundee Precious Metals (TSE:DPM)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company's principal operating assets include the Chelopech, which owns and operates gold, copper, and silver mine located in east of Sofia, Bulgaria; and Tsumeb, which owns and operates custom smelter located in Tsumeb, Namibia.

See Also: Earnings Per Share

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