Dundee Precious Metals (TSE:DPM) Hits New 1-Year High – Still a Buy?

Dundee Precious Metals Inc. (TSE:DPM)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$15.25 and last traded at C$15.04, with a volume of 389892 shares. The stock had previously closed at C$15.06.

Wall Street Analysts Forecast Growth

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

Dundee Precious Metals Stock Performance

The company has a market cap of C$2.76 billion, a PE ratio of 10.09, a PEG ratio of 0.04 and a beta of 1.20. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is C$13.62 and its two-hundred day moving average is C$13.31.

Dundee Precious Metals (TSE:DPM) last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported C$0.35 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.05). Dundee Precious Metals had a net margin of 35.57% and a return on equity of 17.52%. On average, equities research analysts anticipate that Dundee Precious Metals Inc. will post 1.9039474 EPS for the current year.

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.