Dundee Precious Metals (TSE:DPM) Sets New 52-Week High – Should You Buy?

Dundee Precious Metals Inc. (TSE:DPM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$16.22 and last traded at C$16.03, with a volume of 621125 shares. The stock had previously closed at C$15.72.

Analysts Set New Price Targets

Several research analysts have commented on the stock. CIBC boosted their price target on shares of Dundee Precious Metals from C$16.00 to C$17.00 in a report on Thursday, December 19th. Royal Bank of Canada lifted their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. BMO Capital Markets increased their price objective on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st. Scotiabank upped their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. Finally, TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday, February 4th.

Dundee Precious Metals Stock Performance

The company has a quick ratio of 6.61, a current ratio of 7.09 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average of C$13.83 and a 200-day moving average of C$13.43. The stock has a market cap of C$2.85 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

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.