Dundee Precious Metals (TSE:DPM) Reaches New 12-Month High – What’s Next?

Dundee Precious Metals Inc. (TSE:DPM) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$16.22 and last traded at C$16.03, with a volume of 621125 shares changing hands. The stock had previously closed at C$15.72.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Scotiabank upped their target price on Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. CIBC lifted their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a research report on Thursday, December 19th. Finally, TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th.

Dundee Precious Metals Stock Performance

The stock has a market cap of C$2.88 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average of C$13.71 and a 200-day moving average of C$13.37.

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.