CIBC Increases Dundee Precious Metals (TSE:DPM) Price Target to C$17.00

Dundee Precious Metals (TSE:DPM) had its price objective raised by research analysts at CIBC from C$16.00 to C$17.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 32.30% from the stock’s current price.

Several other research firms have also recently weighed in on DPM. 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. Jefferies Financial Group lifted their target price on Dundee Precious Metals from C$16.00 to C$18.00 in a report on Friday, October 4th. BMO Capital Markets upped their price target on shares of Dundee Precious Metals from C$15.50 to C$18.50 in a research note on Monday, October 21st. Finally, Scotiabank lifted their price objective on shares of Dundee Precious Metals from C$16.50 to C$18.00 in a research note on Thursday, November 21st.

Dundee Precious Metals Stock Performance

DPM stock traded down C$0.25 during mid-day trading on Thursday, hitting C$12.85. 264,032 shares of the company were exchanged, compared to its average volume of 482,058. Dundee Precious Metals has a 1-year low of C$7.79 and a 1-year high of C$14.81. The stock has a market capitalization of C$2.31 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The business has a 50 day simple moving average of C$13.42 and a 200-day simple moving average of C$12.67. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31.

Insider Activity at Dundee Precious Metals

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