Scotiabank Issues Positive Forecast for Dundee Precious Metals (TSE:DPM) Stock Price

Dundee Precious Metals (TSE:DPM) had its price objective boosted by analysts at Scotiabank from C$16.50 to C$18.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 37.30% from the company’s current price.

Several other equities research analysts have also commented on DPM. Royal Bank of Canada boosted their price objective on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group increased their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets lifted their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

Dundee Precious Metals Price Performance

Shares of TSE:DPM traded up C$0.17 during trading on Thursday, reaching C$13.11. The stock had a trading volume of 183,842 shares, compared to its average volume of 488,697. The business has a fifty day moving average price of C$13.61 and a 200-day moving average price of C$12.38. The stock has a market cap of C$2.36 billion, a PE ratio of 8.65, a PEG ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$14.81.

Insider Activity

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. 0.16% of the stock is owned by insiders.

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.