Dundee Precious Metals (TSE:DPM) Price Target Raised to C$16.00

Dundee Precious Metals (TSE:DPM) had its price objective upped by investment analysts at Jefferies Financial Group from C$15.00 to C$16.00 in a report released on Friday, BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 33.33% from the stock’s current price.

A number of other equities research analysts have also issued reports on DPM. Stifel Nicolaus boosted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a report on Friday, April 19th. National Bankshares upped their price objective on shares of Dundee Precious Metals from C$13.50 to C$14.00 in a research note on Wednesday, May 15th. CIBC upped their price objective on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday. Canaccord Genuity Group upped their price objective on shares of Dundee Precious Metals from C$13.00 to C$13.25 in a research note on Tuesday, April 23rd. Finally, Scotiabank upped their price objective on shares of Dundee Precious Metals from C$14.00 to C$15.00 in a research note on Thursday, May 23rd.

Dundee Precious Metals Stock Performance

Shares of TSE:DPM traded down C$0.19 during trading on Friday, reaching C$12.00. 254,495 shares of the company’s stock traded hands, compared to its average volume of 529,720. The company has a debt-to-equity ratio of 1.20, a current ratio of 6.92 and a quick ratio of 6.61. The company has a 50 day moving average of C$11.04 and a 200-day moving average of C$9.93. The stock has a market capitalization of C$2.18 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 0.04 and a beta of 1.23. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$12.33.

Dundee Precious Metals (TSE:DPM) last issued its quarterly earnings results on Tuesday, May 7th. The mining company reported C$0.24 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). Dundee Precious Metals had a return on equity of 16.18% and a net margin of 37.12%. The company had revenue of C$166.90 million during the quarter. On average, equities analysts expect that Dundee Precious Metals will post 1.428934 EPS for the current year.

Insider Buying and Selling

In other news, insider Dundee Precious Metals Inc. acquired 63,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of C$10.89 per share, with a total value of C$686,070.00. In other Dundee Precious Metals news, Senior Officer David Rae sold 42,339 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$11.04, for a total value of C$467,422.56. Also, insider Dundee Precious Metals Inc. purchased 63,000 shares of Dundee Precious Metals stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of C$10.89 per share, with a total value of C$686,070.00. In the last three months, insiders sold 62,181 shares of company stock valued at $683,972. Company insiders own 0.14% 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.