Dundee Precious Metals (TSE:DPM) Hits New 52-Week High – Here’s What Happened

Dundee Precious Metals Inc. (TSE:DPM)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$15.25 and last traded at C$15.04, with a volume of 389892 shares changing hands. The stock had previously closed at C$15.06.

Analyst Ratings Changes

Several brokerages have commented on DPM. Scotiabank upped their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. Royal Bank of Canada increased their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, December 6th. CIBC lifted their price objective on Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. TD Securities upgraded Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday. Finally, BMO Capital Markets raised their target price on Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st.

Dundee Precious Metals Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61. The business has a 50 day moving average price of C$13.62 and a 200 day moving average price of C$13.31. The stock has a market capitalization of C$2.76 billion, a PE ratio of 10.09, a PEG ratio of 0.04 and a beta of 1.20.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.05). Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. As a group, equities research analysts expect that Dundee Precious Metals Inc. will post 1.9039474 earnings per share for the current year.

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.