Dundee Precious Metals (TSE:DPM) Sets New 52-Week High - Time to Buy?

Dundee Precious Metals Inc. (TSE:DPM - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$22.05 and last traded at C$21.92, with a volume of 66843 shares changing hands. The stock had previously closed at C$21.15.

Wall Street Analyst Weigh In

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

Dundee Precious Metals Trading Up 2.0%

The company's 50 day moving average is C$19.17 and its 200 day moving average is C$16.40. The stock has a market capitalization of C$2.75 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Buying and Selling

In other Dundee Precious Metals news, Senior Officer Iliya Garkov sold 12,000 shares of Dundee Precious Metals stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$18.49, for a total value of C$221,880.00. Also, Director Nikolay Hristov sold 3,833 shares of Dundee Precious Metals stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$17.60, for a total transaction of C$67,460.80. Insiders have sold 35,833 shares of company stock worth $665,341 in the last ninety days. 0.16% of the stock is owned by corporate 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.