Royal Bank of Canada Forecasts Strong Price Appreciation for Dundee Precious Metals (TSE:DPM) Stock

Dundee Precious Metals (TSE:DPM) had its price target raised by Royal Bank of Canada from C$17.00 to C$18.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 40.30% from the stock’s current price.

DPM has been the topic of several other research reports. BMO Capital Markets lifted their target price on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Jefferies Financial Group boosted their price objective on Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Finally, Scotiabank increased their target price on Dundee Precious Metals from C$16.50 to C$18.00 in a research note on Thursday, November 21st.

Dundee Precious Metals Price Performance

DPM stock opened at C$12.83 on Friday. The company has a market cap of C$2.31 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average price of C$13.49 and a two-hundred day moving average price of C$12.56. Dundee Precious Metals has a 12-month low of C$7.79 and a 12-month high of C$14.81.

Insider Buying and Selling at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were 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.

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.