Dundee Precious Metals (TSE:DPM) Hits New 52-Week High – What’s Next?

Dundee Precious Metals Inc. (TSE:DPM) 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 changing hands. The stock had previously closed at C$15.72.

Wall Street Analyst Weigh In

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

Dundee Precious Metals Stock Performance

The stock has a market cap of C$2.88 billion, a P/E ratio of 10.55, 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 company’s 50-day simple moving average is C$13.71 and its 200 day simple moving average is C$13.37.

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.