Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High – Still a Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$19.11 and last traded at C$19.09, with a volume of 232472 shares. The stock had previously closed at C$18.87.

Wall Street Analyst Weigh In

DPM has been the topic of several research analyst reports. TD Securities raised Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank lifted their price target on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. Royal Bank of Canada upped 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. Finally, CIBC lifted their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, February 14th.

Dundee Precious Metals Trading Down 2.2 %

The business has a fifty day simple moving average of C$16.75 and a two-hundred day simple moving average of C$14.63. The company has a market cap of C$2.31 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Transactions at Dundee Precious Metals

In other Dundee Precious Metals news, Director Nikolay Hristov sold 3,833 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of C$17.60, for a total transaction of C$67,460.80. Also, Director Marie-Anne Tawil sold 10,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$19.08, for a total value of C$190,800.00. Over the last three months, insiders have sold 42,583 shares of company stock valued at $780,496. Corporate insiders own 0.16% of the company’s stock.

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.