Dundee Precious Metals (TSE:DPM) PT Raised to C$9.50

Dundee Precious Metals (TSE:DPM – Get Rating) had its price target upped by Canaccord Genuity Group from C$9.00 to C$9.50 in a note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 26.84% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. National Bankshares reduced their price target on Dundee Precious Metals from C$10.25 to C$10.00 in a research report on Wednesday. Scotiabank upped their target price on Dundee Precious Metals from C$10.50 to C$13.00 in a research note on Tuesday. Royal Bank of Canada set a C$13.00 target price on Dundee Precious Metals and gave the stock an “outperform” rating in a research note on Friday, February 18th. Finally, National Bank Financial cut Dundee Precious Metals from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Friday, February 18th.

TSE:DPM traded down C$0.22 during trading hours on Friday, reaching C$7.49. 227,848 shares of the company were exchanged, compared to its average volume of 677,974. The company has a market capitalization of C$1.43 billion and a P/E ratio of 5.30. Dundee Precious Metals has a 1-year low of C$6.99 and a 1-year high of C$9.67. The company has a debt-to-equity ratio of 1.51, a current ratio of 5.99 and a quick ratio of 5.28. The business has a 50 day moving average of C$7.77 and a 200 day moving average of C$7.86.

Dundee Precious Metals (TSE:DPM – Get Rating) last issued its quarterly earnings results on Thursday, February 17th. The mining company reported C$0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.33 by C$0.01. The company had revenue of C$209.79 million for the quarter. As a group, equities research analysts anticipate that Dundee Precious Metals will post 1.2000001 earnings per share for the current fiscal year.

In other news, Director Robert Peter Charles Gillin sold 10,000 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of C$7.87, for a total value of C$78,700.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately C$118,050. Also, Senior Officer Iliya Garkov sold 12,500 shares of the stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of C$7.43, for a total value of C$92,875.00. Insiders sold a total of 78,913 shares of company stock valued at $616,849 over the last quarter.

Dundee Precious Metals Company Profile (Get Rating)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. The company's principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.

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