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

Dundee Precious Metals (TSE:DPM) had its price objective increased by Jefferies Financial Group from C$19.00 to C$23.00 in a research note issued on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 27.14% from the stock’s previous close.

DPM has been the subject of a number of other research reports. CIBC boosted their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, February 14th. TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada increased their price objective on Dundee Precious Metals from C$21.00 to C$23.00 in a report on Friday. Finally, Scotiabank upped their price target on shares of Dundee Precious Metals from C$18.00 to C$18.50 in a research report on Wednesday, January 15th.

Dundee Precious Metals Stock Performance

Shares of DPM stock traded down C$0.89 on Friday, reaching C$18.09. The stock had a trading volume of 373,635 shares, compared to its average volume of 601,461. The company has a 50 day simple moving average of C$16.94 and a 200 day simple moving average of C$14.69. Dundee Precious Metals has a 1 year low of C$10.18 and a 1 year high of C$19.33. The stock has a market cap of C$2.23 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Transactions at Dundee Precious Metals

In related news, Director Marie-Anne Tawil sold 10,000 shares of Dundee Precious Metals stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$19.08, for a total transaction of C$190,800.00. Also, Senior Officer Iliya Garkov sold 12,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$18.49, for a total transaction of C$221,880.00. In the last 90 days, insiders have sold 42,583 shares of company stock valued at $780,496. Corporate insiders own 0.16% of the company’s stock.

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.