Dundee Precious Metals (TSE:DPM) PT Raised to C$14.00 at Scotiabank

Dundee Precious Metals (TSE:DPM) had its target price lifted by stock analysts at Scotiabank from C$13.25 to C$14.00 in a report issued on Thursday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 31.58% from the stock’s current price.

DPM has been the subject of a number of other reports. National Bankshares dropped their price objective on shares of Dundee Precious Metals from C$14.00 to C$13.50 in a report on Friday, April 19th. Canaccord Genuity Group boosted their price target on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. Stifel Nicolaus boosted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Friday, April 19th. CIBC boosted their price target on shares of Dundee Precious Metals from C$11.50 to C$13.00 in a research note on Monday, April 15th. Finally, Jefferies Financial Group set a C$13.00 price target on shares of Dundee Precious Metals and gave the stock a “buy” rating in a research note on Thursday, February 29th.

Dundee Precious Metals Stock Performance

TSE DPM opened at C$10.64 on Thursday. Dundee Precious Metals has a 52-week low of C$7.79 and a 52-week high of C$10.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.61 and a current ratio of 6.70. The company has a market capitalization of C$1.93 billion, a P/E ratio of 8.00, a P/E/G ratio of 0.04 and a beta of 1.20. The company has a fifty day moving average of C$10.18 and a 200-day moving average of C$9.36.

Dundee Precious Metals (TSE:DPM) last posted its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.10). Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. The company had revenue of C$189.66 million for the quarter. As a group, equities research analysts predict that Dundee Precious Metals will post 1.137045 EPS for the current fiscal year.

Insider Activity

In other news, Director Anthony P. Walsh sold 7,200 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the completion of the transaction, the director now directly owns 550 shares of the company’s stock, valued at C$5,527.50. In related news, Senior Officer David Rae sold 12,497 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$9.97, for a total transaction of C$124,595.09. Also, Director Anthony P. Walsh sold 7,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$10.05, for a total transaction of C$72,360.00. Following the transaction, the director now owns 550 shares in the company, valued at approximately C$5,527.50. Over the last ninety days, insiders sold 79,790 shares of company stock valued at $798,029. Insiders own 0.11% 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.