Dundee Precious Metals (TSE:DPM) Sets New 1-Year High – Time to Buy?

Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high during trading on Thursday . The company traded as high as C$17.01 and last traded at C$17.01, with a volume of 36702 shares trading hands. The stock had previously closed at C$16.34.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank raised their price target on Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. CIBC raised their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research note on Friday, February 14th. Royal Bank of Canada increased their price target on shares of Dundee Precious Metals from C$17.00 to C$18.00 in a report on Friday, December 6th. Finally, TD Securities raised shares of Dundee Precious Metals to a “strong-buy” rating in a research note on Tuesday, February 4th.

Dundee Precious Metals Trading Up 4.7 %

The stock has a market capitalization of C$2.11 billion, a PE ratio of 10.77, a PEG ratio of 0.04 and a beta of 1.20. The business has a fifty day moving average price of C$14.18 and a 200-day moving average price of C$13.61.

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.