Scotiabank Raises Dundee Precious Metals (TSE:DPM) Price Target to C$14.00

Dundee Precious Metals (TSE:DPM) had its price target raised by Scotiabank from C$13.25 to C$14.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 31.09% from the stock’s current price.

Several other research firms have also recently commented on DPM. CIBC boosted their target price on Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Stifel Nicolaus boosted their target price on Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. Canaccord Genuity Group boosted their target price on Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. Jefferies Financial Group set a C$13.00 target price on Dundee Precious Metals and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, National Bankshares lowered their target price on Dundee Precious Metals from C$14.00 to C$13.50 in a research note on Friday, April 19th.

Dundee Precious Metals Trading Up 1.2 %

Shares of TSE DPM traded up C$0.13 during trading on Thursday, reaching C$10.68. The stock had a trading volume of 431,298 shares, compared to its average volume of 552,816. Dundee Precious Metals has a fifty-two week low of C$7.79 and a fifty-two week high of C$10.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.61 and a current ratio of 6.70. The business’s 50-day moving average price is C$10.11 and its 200-day moving average price is C$9.34. The company has a market cap of C$1.94 billion, a P/E ratio of 8.02, 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 analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a net margin of 37.10% and a return on equity of 17.22%. The firm had revenue of C$189.66 million during the quarter. On average, equities research analysts predict that Dundee Precious Metals will post 1.137045 EPS for the current fiscal year.

Insider Transactions at Dundee Precious Metals

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