Dundee Precious Metals (TSE:DPM) PT Raised to C$18.50

Dundee Precious Metals (TSE:DPM) had its price target hoisted by stock analysts at BMO Capital Markets from C$15.50 to C$18.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 28.12% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. CIBC raised their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Royal Bank of Canada increased their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Canaccord Genuity Group raised their target price on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Finally, Scotiabank raised their target price on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th.

Dundee Precious Metals Price Performance

DPM opened at C$14.44 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The firm has a market cap of C$2.60 billion, a P/E ratio of 9.50, a PEG ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a fifty-two week low of C$7.79 and a fifty-two week high of C$14.81. The firm has a 50-day moving average of C$13.48 and a 200 day moving average of C$11.98.

Dundee Precious Metals (TSE:DPM) last issued its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.10. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The firm had revenue of C$214.59 million during the quarter. On average, research analysts expect that Dundee Precious Metals will post 1.9039474 EPS for the current year.

Insiders Place Their Bets

In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. In related news, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$12.80, for a total transaction of C$86,400.00. Also, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$13.86, for a total value of C$101,635.38. 0.16% of the stock is owned by 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.