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.
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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