Dundee Precious Metals (TSE:DPM) Hits New 1-Year High – Should You Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) reached a new 52-week high during trading on Tuesday . The company traded as high as C$17.44 and last traded at C$17.03, with a volume of 79058 shares trading hands. The stock had previously closed at C$17.04.

Analyst Ratings Changes

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

Dundee Precious Metals Price Performance

The stock has a market capitalization of C$2.13 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.04 and a beta of 1.20. The firm has a 50-day simple moving average of C$14.78 and a 200 day simple moving average of C$13.88.

Insider Buying and Selling

In other Dundee Precious Metals news, Director Xuefeng Chen sold 6,750 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of C$17.06, for a total transaction of C$115,155.00. 0.16% of the stock is owned by corporate 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.