Dundee Precious Metals (TSE:DPM) PT Raised to C$18.00 at Jefferies Financial Group

Dundee Precious Metals (TSE:DPM) had its price objective increased by research analysts at Jefferies Financial Group from C$16.00 to C$18.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 30.43% from the stock’s current price.

A number of other research analysts have also issued reports on DPM. Scotiabank raised their target price on shares of Dundee Precious Metals from C$15.00 to C$16.50 in a research note on Monday, August 19th. Royal Bank of Canada raised their target price on shares of Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. CIBC raised their target price on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group raised their target price on shares of Dundee Precious Metals from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd.

Dundee Precious Metals Stock Up 0.6 %

Dundee Precious Metals stock opened at C$13.80 on Friday. The firm has a market cap of C$2.48 billion, a PE ratio of 9.26, a P/E/G ratio of 0.04 and a beta of 1.20. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09. The firm’s 50 day moving average price is C$13.00 and its two-hundred day moving average price is C$11.65. Dundee Precious Metals has a twelve month low of C$7.79 and a twelve month high of C$14.34.

Dundee Precious Metals (TSE:DPM) last released its quarterly earnings data on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, beating the consensus estimate of C$0.43 by C$0.10. Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. The firm had revenue of C$214.59 million for the quarter. On average, research analysts predict that Dundee Precious Metals will post 1.851552 EPS for the current fiscal year.

Insider Buying and Selling

In other Dundee Precious Metals news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total value of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. 0.16% of the stock is owned by 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.