Dundee Precious Metals (TSE:DPM) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Dundee Precious Metals (TSE:DPM) had its price target raised by equities researchers at Royal Bank of Canada from C$17.00 to C$18.00 in a note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 40.30% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group lifted their price target on Dundee Precious Metals from C$16.00 to C$18.00 in a research report on Friday, October 4th. BMO Capital Markets boosted their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research report on Monday, October 21st. Finally, Scotiabank raised their price objective on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research report on Thursday, November 21st.

Dundee Precious Metals Price Performance

TSE DPM opened at C$12.83 on Friday. Dundee Precious Metals has a 12 month low of C$7.79 and a 12 month high of C$14.81. The firm has a market capitalization of C$2.31 billion, a PE ratio of 8.44, a P/E/G ratio of 0.04 and a beta of 1.20. The company’s 50 day simple moving average is C$13.49 and its 200 day simple moving average is C$12.56. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.09 and a quick ratio of 6.61.

Insider Buying and Selling

In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of Dundee Precious Metals stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total transaction of C$101,635.38. 0.16% of the stock is currently owned by company 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.