Dundee Precious Metals (TSE:DPM) Price Target Raised to C$23.00 at Jefferies Financial Group

Dundee Precious Metals (TSE:DPM) had its target price increased by equities researchers at Jefferies Financial Group from C$19.00 to C$23.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 28.42% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. CIBC raised their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th. Scotiabank lifted their price objective on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research note on Wednesday, January 15th. Royal Bank of Canada boosted their target price 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 Trading Down 5.6 %

Shares of TSE DPM opened at C$17.91 on Friday. The stock has a fifty day moving average price of C$17.01 and a 200 day moving average price of C$14.73. 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 cap of C$2.21 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.04 and a beta of 1.20.

Insider Transactions at Dundee Precious Metals

In other Dundee Precious Metals news, Senior Officer Iliya Garkov sold 12,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$18.49, for a total transaction of C$221,880.00. Also, Director Xuefeng Chen sold 6,750 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of C$17.06, for a total value of C$115,155.00. Over the last quarter, insiders sold 42,583 shares of company stock valued at $780,496. 0.16% of the stock is currently owned by corporate 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.