Dundee Precious Metals (TSE:DPM) Given New C$13.00 Price Target at CIBC

Dundee Precious Metals (TSE:DPM - Get Free Report) had its price target boosted by research analysts at CIBC from C$11.50 to C$13.00 in a research report issued on Monday, BayStreet.CA reports. CIBC's price target indicates a potential upside of 23.93% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada lowered their price target on Dundee Precious Metals from C$15.00 to C$14.00 and set an "outperform" rating for the company in a report on Wednesday, December 20th. Scotiabank lowered their price target on Dundee Precious Metals from C$13.50 to C$13.25 in a report on Thursday, February 15th. Finally, Jefferies Financial Group set a C$13.00 price objective on Dundee Precious Metals and gave the stock a "buy" rating in a research note on Thursday, February 29th.

Dundee Precious Metals Stock Up 0.6 %

Dundee Precious Metals stock traded up C$0.06 during midday trading on Monday, hitting C$10.49. 493,330 shares of the company were exchanged, compared to its average volume of 580,786. The company's fifty day moving average price is C$9.51 and its 200-day moving average price is C$9.13. The company has a market cap of C$1.90 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.70 and a quick ratio of 6.61. Dundee Precious Metals has a fifty-two week low of C$7.79 and a fifty-two week high of C$10.94.

Dundee Precious Metals (TSE:DPM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The mining company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.48 by C($0.10). Dundee Precious Metals had a return on equity of 17.22% and a net margin of 37.10%. The business had revenue of C$189.66 million for the quarter. On average, research analysts predict that Dundee Precious Metals will post 1.137045 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anthony P. Walsh sold 7,200 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the completion of the sale, the director now owns 550 shares in the company, valued at C$5,527.50. In other news, Director Robert Peter Charles Gillin sold 8,620 shares of the company's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$9.90, for a total transaction of C$85,338.00. Also, Director Anthony P. Walsh sold 7,200 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$10.05, for a total value of C$72,360.00. Following the sale, the director now owns 550 shares of the company's stock, valued at approximately C$5,527.50. In the last quarter, insiders sold 79,790 shares of company stock worth $798,029. 0.11% of the stock is owned by company 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.