Dundee Precious Metals (TSE:DPM) Price Target Raised to C$16.50

Dundee Precious Metals (TSE:DPM) had its price objective increased by research analysts at Scotiabank from C$15.00 to C$16.50 in a note issued to investors on Monday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 22.22% from the company’s current price.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group raised their target price on Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. CIBC lifted their price target on shares of Dundee Precious Metals from C$13.00 to C$14.50 in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on shares of Dundee Precious Metals from C$15.00 to C$16.00 in a research report on Friday, July 12th. Finally, National Bankshares raised their target price on Dundee Precious Metals from C$13.50 to C$14.00 in a report on Wednesday, May 15th.

Dundee Precious Metals Stock Up 1.0 %

Dundee Precious Metals stock traded up C$0.13 during mid-day trading on Monday, reaching C$13.50. The stock had a trading volume of 220,222 shares, compared to its average volume of 522,515. The company has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.04 and a beta of 1.18. The company has a debt-to-equity ratio of 1.11, a current ratio of 7.09 and a quick ratio of 6.61. The company has a 50-day moving average price of C$11.55 and a two-hundred day moving average price of C$10.61. Dundee Precious Metals has a one year low of C$7.79 and a one year high of C$13.55.

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.