Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High – Here’s What Happened

Shares of Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$17.01 and last traded at C$17.01, with a volume of 36702 shares changing hands. The stock had previously closed at C$16.34.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. CIBC raised their price objective on Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, February 14th. Finally, Scotiabank increased their target price on Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th.

Dundee Precious Metals Trading Down 1.5 %

The business’s 50-day moving average price is C$14.25 and its 200-day moving average price is C$13.63. The stock has a market cap of C$2.08 billion, a PE ratio of 10.63, a P/E/G ratio of 0.04 and a beta of 1.20.

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.