Dundee Precious Metals (TSE:DPM) Stock Price Expected to Rise, Scotiabank Analyst Says

Dundee Precious Metals (TSE:DPM) had its price objective hoisted by research analysts at Scotiabank from C$16.50 to C$18.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 35.64% from the company’s previous close.

A number of other brokerages also recently weighed in on DPM. Royal Bank of Canada boosted their price target on Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Finally, Jefferies Financial Group boosted their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th.

Dundee Precious Metals Price Performance

DPM stock opened at C$13.27 on Thursday. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. Dundee Precious Metals has a 52-week low of C$7.79 and a 52-week high of C$14.81. The stock’s 50 day moving average is C$13.61 and its two-hundred day moving average is C$12.39. The company has a market capitalization of C$2.38 billion, a PE ratio of 8.71, a P/E/G ratio of 0.04 and a beta of 1.20.

Insider Activity at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total transaction of C$101,635.38. Insiders own 0.16% of the company’s stock.

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.