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

Dundee Precious Metals Inc. (TSE:DPM) shares hit a new 52-week high during 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 traded. The stock had previously closed at C$15.72.

Analysts Set New Price Targets

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

Dundee Precious Metals Trading Up 0.3 %

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. The company’s 50-day moving average price is C$13.83 and its 200 day moving average price is C$13.43. The company has a debt-to-equity ratio of 1.31, a quick ratio of 6.61 and a current ratio of 7.09.

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.