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

Dundee Precious Metals logo with Basic Materials background

Dundee Precious Metals (TSE:DPM - Get Free Report) had its price target lifted by research analysts at Scotiabank from C$21.00 to C$23.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank's target price suggests a potential upside of 8.80% from the company's previous close.

A number of other brokerages also recently issued reports on DPM. CIBC boosted their price target on Dundee Precious Metals from C$23.00 to C$25.00 in a report on Monday. TD Securities lifted their price objective on Dundee Precious Metals from C$23.00 to C$25.00 and gave the company a "buy" rating in a research note on Monday. Royal Bank of Canada increased their price target on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a report on Friday, April 4th. Stifel Nicolaus upped their target price on shares of Dundee Precious Metals from C$19.50 to C$23.75 in a research note on Monday, April 21st. Finally, Jefferies Financial Group upped their price objective on Dundee Precious Metals from C$19.00 to C$23.00 in a research report on Friday, April 4th.

Check Out Our Latest Stock Analysis on Dundee Precious Metals

Dundee Precious Metals Stock Down 0.9%

Shares of TSE DPM traded down C$0.20 during mid-day trading on Monday, reaching C$21.14. 563,546 shares of the company were exchanged, compared to its average volume of 618,020. The stock has a market capitalization of C$2.61 billion, a PE ratio of 13.32, a PEG ratio of 0.04 and a beta of 1.20. Dundee Precious Metals has a 52 week low of C$10.44 and a 52 week high of C$22.67. The company's 50 day moving average price is C$19.64 and its 200 day moving average price is C$16.91.

Insiders Place Their Bets

In other Dundee Precious Metals news, Director Marie-Anne Tawil sold 10,000 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$19.08, for a total transaction of C$190,800.00. Insiders own 0.16% of the company's stock.

Dundee Precious Metals Company Profile

(Get Free Report)

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.

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