Jefferies Financial Group Issues Positive Forecast for Dundee Precious Metals (TSE:DPM) Stock Price

Dundee Precious Metals (TSE:DPM) had its price objective boosted by Jefferies Financial Group from C$19.00 to C$23.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Scotiabank boosted their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. CIBC upped their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, February 14th. Royal Bank of Canada raised their price target on shares of Dundee Precious Metals from C$21.00 to C$23.00 in a research report on Friday. Finally, TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th.

Dundee Precious Metals Price Performance

Dundee Precious Metals stock opened at C$17.91 on Friday. Dundee Precious Metals has a 12-month low of C$10.18 and a 12-month high of C$19.33. The company has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The firm’s fifty day moving average price is C$17.01 and its 200 day moving average price is C$14.72.

Insider Activity

In other news, Director Robert Peter Charles Gillin sold 10,000 shares of Dundee Precious Metals stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$18.52, for a total value of C$185,200.00. Also, Senior Officer Iliya Garkov sold 12,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$18.49, for a total transaction of C$221,880.00. In the last ninety days, insiders sold 42,583 shares of company stock worth $780,496. 0.16% of the stock is currently owned by insiders.

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.