Dundee Precious Metals (TSE:DPM) Reaches New 52-Week High - Here's Why

Shares of Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$21.23 and last traded at C$20.96, with a volume of 48150 shares changing hands. The stock had previously closed at C$21.10.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DPM shares. Jefferies Financial Group raised their target price on Dundee Precious Metals from C$19.00 to C$23.00 in a report on Friday, April 4th. CIBC boosted their price objective on Dundee Precious Metals from C$18.00 to C$21.00 in a research report on Thursday, April 17th. Stifel Nicolaus boosted their price objective on Dundee Precious Metals from C$19.50 to C$23.75 in a research report on Monday, April 21st. TD Securities raised Dundee Precious Metals to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their target price on Dundee Precious Metals from C$21.00 to C$23.00 in a research note on Friday, April 4th.

Dundee Precious Metals Price Performance

The stock has a market capitalization of C$2.65 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a 50 day simple moving average of C$19.00 and a 200-day simple moving average of C$16.16.

Insider Activity

In other Dundee Precious Metals news, Director Robert Peter Charles Gillin sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$18.52, for a total transaction of C$185,200.00. Also, Director Nikolay Hristov sold 3,833 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total value of C$67,460.80. Over the last three months, insiders sold 35,833 shares of company stock worth $665,341. 0.16% of the stock is owned by corporate insiders.

Dundee Precious Metals Company Profile

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.